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vagabundo [1.1K]
1 year ago
12

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

Business
1 answer:
satela [25.4K]1 year ago
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

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Ed is a 30 year old veterinary technician. Physical exam reveals a height of 5 foot 9 inches, and a weight of 210 pounds. Accord
lianna [129]

Answer:

BMI = 31.18 kg/m²

According to BMI, this patient is diagnosed as Obese.

Explanation:

BMI known as body mass index is taken from a person height and weight. BMI is a person's weight in kilograms divided by the square of height in meters. BMI is usually expressed in kg/m².

Mathematically ,

BMI = weight(kg)/height(m²)

we have to convert the weight and the height to the required units.

converting pounds to kg

2.2 pounds = 1 kilogram

210 pounds = ?

cross multiply

210/2.2 = 95.50 kilograms

converting foot to inches and to meter.

1 foot = 12 inches

5 foot = ?

12 × 5 = 60 inches

60 inches + 9 inches = 69 inches

1 inches = 0.0254 meters

69 inches = ?

69 × 0.0254 = 1.7526  meters

using the formula

BMI = weight(kg)/height(m²)

BMI = 95.50/(1.75)²

BMI = 95.50/3.0625   kg/m²

BMI = 31.1836734694  kg/m²

BMI = 31.18 kg/m²

6 0
3 years ago
All transactions ______. (Select all that apply.) Multiple select question. have at least two effects on the accounting equation
lys-0071 [83]

All transactions b. affect assets, liabilities, and/or stockholders' equity, and d. must affect both assets and stockholders' equity.

<h3>What is the accounting equation?</h3>

The accounting equation shows that assets are equal to liabilities and equity.

The implication of the accounting equation is that every transaction has at least two effects on the elements of financial statements, given their linkages.

Thus, the correct options are Options B. and D.

Learn more about the accounting equation at brainly.com/question/24401217

#SPJ1

5 0
2 years ago
Dan sells newspapers. Dan says that a 8 percent increase in the price of a newspaper will decrease the quantity of newspapers de
ivann1987 [24]

Answer:

For Dan, the demand is price inelastic

Explanation:

One of the factors tat affect the quantity demand for a product is the price of the product. According to the law of demand, at lower price more quantity of a product would be purchased than at a higer price, all other this being being equal.

Price elasticity of Demand (PED)

The extent to which a change in price will cause a change in the quantity demand for a product is called the price elasticity of demand. It measures the degree of responsiveness of quantity demand to a change in price.

It is calculated as

PED =% change in quantity demand / % change in price.

For Dan Newspaper , the price elasticity of demand

             = 4%/8%

            = 0.5

If the PED is greater than 1, the demand is price elastic

If the PED is less than 1 , demand is price inelastic

For Dan, the demand is price inelastic

4 0
3 years ago
The Cash account of Gate City Security Systems reported a balance of 2400 at December 31​, 2018. There were outstanding checks t
olasank [31]

Answer:

Explanation:

gate City bank reconciliation statement as at December 31, 2018

Balance as per cash book                                 2400            

Direct payment to the bank (loan)        520            

Less bank charges                                   (30)                      

Add bank interest                                      20

Adjustment                                                              510

Adjusted cash book balance                                  2910

Balance as per bank statement                            3,810

Less outstanding check                            (1300)

Add deposit in transit                                   400

Adjustment                                                               (900)

Adjusted bank statement balance                          2,910    

8 0
3 years ago
Alpha Wood Interiors announced that it is going out of business. As of today, no more regular dividends will be paid. The firm w
xz_007 [3.2K]

Answer:

$44.52

Explanation:

The value of the stock today can be determined by finding the present value of the liquidating dividends

Present value is the sum of discounted cash flows

Present value can be calculated using a financial calculator

Cash flow in year 1 = 17

Cash flow in year 1 = 32

I = 6%

PV = $44.52

To find the PV using a financial calculator:

1. Input the cash flow values by pressing the CF button. After inputting the value, press enter and the arrow facing a downward direction.

2. after inputting all the cash flows, press the NPV button, input the value for I, press enter and the arrow facing a downward direction.  

3. Press compute  

4 0
2 years ago
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