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NemiM [27]
2 years ago
14

Suppose a monopoly firm produces bicycles and can sell 10 bicycles per month at a price of $700 per bicycle. In order to increas

e sales by one bicycle per month, the monopolist must lower the price of its bicycles by $50 to $650 per bicycle. The marginal revenue of the 11th bicycle is Group of answer choices -$50 None of the Answers are Correct. $7,150 $150 $50
Business
1 answer:
ELEN [110]2 years ago
6 0

The marginal revenue of the 11th bicycle is $150.

Calculation of Marginal revenue:

Change in Total Revenue = Total Revenue – Revenue figure before the additional unit was sold

Marginal revenue  = (11*700) - (10*701)= $150.

<h3>What is Marginal revenue ?</h3>

Marginal revenue is the rise in income that occurs from the sale of one extra unit of product. While marginal revenue can continue constantly over a particular level of output, it follows the law of diminishing returns and will ultimately decrease as the output level increases. Ideally, ambitious firms proceed to produce output until marginal revenue approaches marginal cost.

The formula for calculating marginal revenue is:

Marginal Revenue= Change in Revenue/ Change in Quantity

Marginal Revenue = (Current Revenue - Initial Revenue) / (Current Product Quantity - Initial Product Quantity)

Learn more about Marginal Revenue on:

brainly.com/question/13251693

#SPJ4

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A cap-and-trade program 31 1 Multiple Choice eBook 0 assigns a property right to the atmosphere 0 mandates that every firm indiv
Serggg [28]

Answer:

Option 3. Assigns a property right to pollute the atmosphere

Explanation:

It makes a cap on the pollution and the permits are transferable so that it assign how much to pollutes means assigning property rights to the firms to pollute.

Everyone is not required to reduce pollution if the firm can buy permits to pollute.

4 0
3 years ago
Websites not only give us information, but they also inspire designers in their layouts, illustrations, images, typefaces, and c
JulsSmile [24]

Answer:

Explanation: Post the link of the site you are using for this exercise and then provide the answers to the following questions: What hues, shades, or tints can you identify? What color model is being used in the website? What color scheme is being used? Are the colors warm or cool? What emotions do the colors make you feel?

What hues, shades, or tints can you identify?

Primary and Secondary colors (Yellow, Orange, Red, Violet, Blue, and Green) are considered hues; however, tertiary colors (mixed colors where neither color is dominant) would also be considered hues. Tint refers to any hue or mixture of pure colors to which white is added. Pastel colors are generally tinted colors.

What color model is being used in the website?

Additive Color Model — also known as the RGB color model. RGB stands for Red Green and Blue. RGB model uses light to display colors and are mainly used for web media.

What color scheme is being used?

1. Monochromatic color scheme · 2. Analogous color scheme · 4. Triadic color scheme · 5. Split-complementary color scheme

Are the colors warm or cool?

Warm colors like red, yellow and orange evoke higher arousal emotions.

What emotions do the colors make you feel?

Warm colors like red, yellow and orange evoke higher arousal emotions, such as love, passion, happiness, and anger. Cool colors, like blue, green and purple are linked to calmness, sadness and indifference. Colors can trigger these arousal states and emotions.

6 0
2 years ago
. Chandler Tire Co. is trying to decide which one of two projects it should accept. Both projects have the same start-up costs.
Alex787 [66]

Answer:

So project two is better because it will increase the wealth of Chandler Tire by $ 18,598.33  more than Project 1

Explanation:

<em>To determine which project to be selected, we will compute the  present value (PV) of the two projects and select the  one with a higher PV.</em>

Present value is the today worth of the future cash inflows from a project. The higher the present value the more wealth is been created. So a project with a higher PV is better if two are been compared.

So when comparing two projects, the one with a higher PV is better.

<em>PV of Poject 1 </em>

PV = 52,000 × 1-(1.015)^(-6)

$196,793.10

<em>PV of Project 2</em>

PV = 48,000 × 1- (1.015)^(-8)

$215,391.43

So project two is better because it will increase the wealth of Chandler Tire by $ 18,598.33  more than Project 1

4 0
2 years ago
A service was performed for a client with payment due in 30 days what accounts are affected
marshall27 [118]

Answer:

b) debit accounts receivable, credit capital

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Performing service is part of normal business activities. It generates revenue for the business.

Once a service has been performed, revenue increases. Revenue is an equity account (it increases the owner's equity). An increase to an equity account is recorded by crediting the account.

The payment will be received in 30 days. This is an increase in accounts receivables ( asset account). An increase in assets is recorded as a debit.

3 0
2 years ago
Joan is creating a new mail merge envelope to use in sending a letter to her customers. which word feature should she use for a
lbvjy [14]
The correct answer is: type new list.

HOPE THIS HELPS...
7 0
3 years ago
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