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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

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If you expect a stock be priced at $80 in one year and pay a dividend of $1.85, what is the most you would be willing to pay for
ElenaW [278]

Willing to pay for the stock today is  $72.43.

Given values, Dividend = $1.85

                      Price = $80

                      return = 0.13

Formula, Current Price = (Dividend + Price ) / (1 + return )

                                     = (1.85 + 80) / (1+ 0.13)

                                     = $72.43

The number one purpose that buyers personal inventory is to earn a return on their funding. That go back commonly is available in  viable methods: The stock's price appreciates, this means that it is going up. you can then promote the stock for a profit if you'd like.

The very best way to shop for stocks is thru a web stockbroker. After beginning and funding your account, you may buy shares via the broker's internet site in a remember of minutes. Other options encompass the use of a full-provider stockbroker, or shopping for inventory directly from the company.

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8 0
2 years ago
For 2021, Sherri has a short-term loss of $2,500 and a long-term loss of $4,750. a. How much loss can Sherri deduct in 2021?
lakkis [162]

Based on the information given the amount of loss that  Sherri deduct in 2021 is $3,000.

<h3>Short-term loss and long-term loss</h3>

Since he had both short-term loss and long-term loss the amount of loss that is deductible is $3,000 of capital loss. ($1,500 each for married filing separately).

Both the short-term loss and the long-term loss are combined up to the limit of the amount of $3,000 and the capital loss in excess of the amount of $3,000 are carried forward to following year.

Inconclusion the amount of loss that  Sherri deduct in 2021 is $3,000.

Learn more about short-term loss and long-term loss here:brainly.com/question/25117603

7 0
3 years ago
Joe must pay liabilities of 2000 due one year from now and another 1000 due two years from now. He exactly matches his liabiliti
sweet [91]

Answer:

The value of X+Y=2,769

Explanation:

According to the given data we have the following:

x=present value of 2,000

=2,000/(1+0.06)=1,886.79

y=present value of 1,000

=1,000(1+0.07)∧2=873.44

x+y=1,886.79+873.44

=2,760.23

=2,769

The value of X+Y=2,769

3 0
3 years ago
Read 2 more answers
An office building has $66,000 of net income and sold for $550,000. What was the rate of return? 12% 8.3% 10% 11.1%
spayn [35]

Answer:

8,3

Explanation:

its less then 10%

5 0
4 years ago
Read 2 more answers
The money the borrower pays for the use of the​ lender's money is called the​ ______.
lana [24]
Loaner

I hope this is right.
8 0
3 years ago
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