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olganol [36]
2 years ago
15

A perfectly competitive firm has total revenues equal to $360 when it produces forty units. what is the marginal revenue for the

forty-first unit?
a) $8.88
b) $360
c) $9
d) $361
Business
1 answer:
Ket [755]2 years ago
7 0

$9 is the marginal revenue for forty first unit.

The increase in revenue that comes from selling one more unit of output is known as marginal revenue. Although marginal revenue can remain constant at a certain level of output, it will eventually start to decline as the output level rises due to the law of diminishing returns.

According to economic theory, firms that are completely competitive keep on producing goods until marginal revenue and marginal cost are equal. Multiple situations call for the usage of marginal revenue. Businesses examine the market's client demand for items using historical marginal revenue data. Additionally, they set the most effective and efficient pricing using the information. Last but not least, businesses rely on marginal revenue to better comprehend estimates; from this data, future production schedules, such as planning for material requirements, are then derived.

To learn more about Marginal Revenue here

brainly.com/question/12266492

#SPJ4

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proportionate stratified random sampling

Explanation:

When you use a proportionate stratified random sample, you must assign every stratum of the total population a sampling fraction proportional to its size. Since 60% of the psychology students are women, then 60% of the samples will come from women.

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A commercial bank holds $500,000 in checkable deposits liabilities and $120,000 in reserves. If the required reserve ratio is 20
scZoUnD [109]

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Explanation:

The required reserve ratio = 20%

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Answer:

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