1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
NeTakaya
2 years ago
6

For what range in marginal cost will the firm continue to charge a price of $60?

Business
1 answer:
hammer [34]2 years ago
5 0

Range for marginal cost  =  $20 to $50

Since at the price of $60 total Marginal revenue on demand curve two  =  $20

 Total Marginal revenue on demand curve on =$50

Hence $60 for the product is optimum for the range of marginal cost from $20 to $ 50.

Since the optimum level of price is where marginal cost is equal to marginal revenue.

The marginal cost of production includes all costs that vary with that level of production. For example, if a company needs to build an entirely new factory to produce more goods, the cost of building the factory is the marginal cost.

Marginal Cost = Change in Total Cost / Change in Quantity. Change in Total Cost = Total Cost of Manufacturing Including Additional Units – Total Cost of Manufacturing Regular Units. Quantity Change = Full Quantity Product with Additional Units - Full Quantity Product in Regular Units.

Learn more about Marginal Cost here: brainly.com/question/17230008

#SPJ4

You might be interested in
The Law of Demand is one of the most famous laws in economics. It states that when the price of a good rises, the quantity deman
Zina [86]
First blank is rises, the second is falls.
8 0
3 years ago
Read 2 more answers
Select all that apply. personal values for working include: feelings of accomplishment pride in effort global economy satisfacti
olga nikolaevna [1]
All but global economy
8 0
3 years ago
Read 2 more answers
How is distribution and selling connected?
olganol [36]

Answer:

Manufacturers produce or make products. They typically sell them to wholesalers or distributors that have expertise in getting products to retailers. Retailers then hold inventory and market the goods to consumers that purchase them for personal or family consumption.

5 0
3 years ago
If you buy a stock at the beginning of the year at a price of $60, the company pays two quarterly dividends to $2 and then raise
Naddika [18.5K]

Answer:

Our return on the stock was 21.6%

Explanation:

In order to find our return on the stock we need to first add all the dividends and the selling price in order to calculate how much cash inflow we got from the cash. Then we will subtract the buying price of the stock from this as this is a cash outflow and by subtracting the buying price we will get the net cash inflow from the stock, we will then divide the net cash inflow by the buying price to get the return on the stock.

Dividend first quarter = 2

Dividend second quarter = 2

Dividend third quarter = 3

Dividend fourth quarter = 3

Selling price = 63

Total cash inflow = 63+3+3+2+2= 73

Selling price = 60

Net cash inflow = 73-60= 13

Return = 13/60=0.216= 21.6%

5 0
4 years ago
The following table shows values of annual real GDP per capita over time. Use it to answer the next question.
nadezda [96]

Answer:

a. 1910 to 1960

Explanation:

growth rate between 1810 - 1860 = ($2,100 - $1,500) / $1,500 = 40%

growth rate between 1860 - 1910 = ($3,900 - $2,100) / $2,100 = 86%

growth rate between 1910 - 1960 = ($18,000 - $3,900) / $3,900 = <u>362% HIGHEST</u>

growth rate between 2010 - 1960 = ($43,600 - $18,000) / $18,000 = 142%

4 0
3 years ago
Other questions:
  • Suppose that a worker in Freedonia can produce either 6 units of corn or 2 units of wheat per year, and a worker in Sylvania can
    12·1 answer
  • Quickly research alternatives to mandatory public tax. From this research, what is one way we could pay for things like roads, s
    15·1 answer
  • Why is study of fossils is important to human being?
    7·1 answer
  • Describe how technology plays a role in the three components of Robbins’s organizational model.
    10·1 answer
  • 1 Madison Harris, the owner, invested $6,500 cash and $33,500 of photography equipment in the company in exchange for common sto
    12·1 answer
  • If the MPC = .80, all taxes are lump-sum taxes, and the equilibrium GDP is $40 billion below the full-employment GDP, the size o
    9·1 answer
  • Harvey Hotels has provided a defined benefit pension plan for its employees for several years. At the end of the most recent yea
    13·1 answer
  • How will you prove that a piece of stone occupies space​
    15·1 answer
  • An interest in or taking of land for its strategic location or products is called.
    10·1 answer
  • Executives at Whole Foods Markets believe that their competitive advantage depends upon
    11·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!