All categories

1 year ago

In pure competition, each extra unit of output that a firm sells will yield a marginal revenue that is?

1 answer:

5 0

In pure competition, each extra unit of output that a firm sells will yield a marginal revenue that is equal to the price. The additional money made from selling one more unit of output is known as marginal revenue. The formula is the total income change divided by the output or quantity change.

The price times the quantity determines total revenue, and since the price is fixed for each thing sold, the marginal revenue in a market with just competitive products is only the product's price. As a result, in a market where there is pure competition, demand equals both marginal and average revenues.

To learn more about marginal revenue, click here

brainly.com/question/13383966

#SPJ4

You might be interested in

Compensate for the risk. Delay an action. Reject the risk. Transfer the risk. A squad needs to cross a narrow footbridge across

finlep [7]

Answer:

Compensate for the risk

Explanation:

In the context of the scenario given , risk is defined as a form of exposure to a potential dangerous situation.

It is necessary for any person organization facing a risky situation to look for ways of minimizing or avoiding the risk in order to reduce related losses. Risks can be avoided through transfer , rejection , delayed action and compensating the risk,

The method of risk aversion described in the scenario is to compensate the risk.

Compensating the risk is a risk control method of using an alternative means to achieve a particular purpose in order to avoid the related risks to using the initial method.

7 0

2 years ago

Dexter Industries purchased packaging equipment on January 8 for $98,000. The equipment was expected to have a useful life of th

Flauer [41]

Answer:

a. $30,667

a.1. $92,001

b. $41,308

b.1. $92,000

c. $65,334

c.1. $94,370

2.The method that yields the highest depreciation on year 1 is Double declining balance, in the amount of $65,334

3. The method that yields the most depreciation the 3 years is Double declining balance in the total amount of $94,370

Explanation:

1. A (straight line method)

(98,000-6,000) / 3 years = 30,667

A.1. 30,667 x 3 years = 92,001

B. (Units-of-activity method)

Formula : [(cost - salvage value) x hours for the preiod] / total eatimated hours

[(98,000-6,000) x 8,980 ] / 20,000

41,308

B.1. Year 1

[(98,000 -6,000) x 8,980] / 20,000

41,308

Year 2

[(98,000-6,000) x 6,930] / 20,000

31,878

Year 3

[(98,000-6,000) x 4,090] / 20,000

18,814

Thus, 41,308 + 31,878 + 18,814 = 92,000

C. (double declining method)

formula : 100% / years x 2

100%/3 x 2 = 66.67%

98,000 x .66667 = 65,334

C.1. Year 1 = 65,334

Year 2

(98,000 - 65,334) x .66667 =21,777

Year 3

(98,000 - 65,334 - 21,777) x .66667 = 7,259

Thus, 65,334 + 21,777 + 7,259 =94,370

7 0

3 years ago

How can conventional supermarkets differentiate their offerings??

LenKa [72]

<span>a business that sells products and or services to consumers for their personal or family use</span>

7 0

3 years ago

Fitness is a magazine for women about health and exercise. Fitness offers year subscriptions for $12 on their website. Jess, Ani

Mariulka [41]

Answer:

A) $16

Explanation:

According to a different source, these are the options that come with this question:

A) $16

B) $52

C) $40

D) $12

Consumer surplus refers to a measure of welfare in which we look at the ways in which people benefit from the goods and services that they are consuming. The market consumer surplus is the difference between the amount that consumers are willing to pay and the total amount that they actually do pay in the real world (this is known as the market price).

7 0

2 years ago

Read 2 more answers

A bottling operation has a mean fill level of 10.01 ounces with a standard deviation of 0.25 ounces. Random samples of 20 bottle

MAVERICK [17]

Answer:

The upper limit is 10.1

The lower limit is 9.91

Explanation:

Given that:

The mean fill level (μ) = 10.01 ounces,

Standard deviation (σ) = 0.25 ounces