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IRISSAK [1]
3 years ago
10

When a certain competitive firm produces and sells 100 units of output, marginal revenue is $80. when the same firm produces and

sells 200 units of output, what is average revenue?
Business
1 answer:
vova2212 [387]3 years ago
6 0

When the firm sells 100 units of output; the marginal revenue is $80. 
  When the firm sells 200 units of outpit: the marginal revenue is X. 
 So cross multiplying the revenue we have 100X = 80 * 200.
 X = 200 * 80 / 100 = 16000/100 = $160. To calculate the average revenue,
we need to know the total revenue. 
 Total revenue is the Price (P) * Total output (Q).
 So we have (80* 100) + ( 160 * 200) = 8000 + 32000 = 40000.
 So the average revenue = Total revenue / Total output = 40000/ (100 +200) =
133.33

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Lisa [10]

Answer:

Option (B) is correct.

Explanation:

If there is an increase in the income of the consumer then as a result there is a parallel shift in the budget line. This increase in income will increase the real purchasing power of the consumers and hence, this would increase the quantity of two goods consumed in an equal proportion.

Other factors remains the same, an increase in the income level of the consumer will increase the consumption of both the goods because the prices of both the goods are constant.

5 0
3 years ago
A plant asset was purchased on January 1 for $140000 with an estimated salvage value of $20000 at the end of its useful life. Th
alukav5142 [94]

Answer:

useful life= 12 years

Explanation:

Giving the following information:

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<u>To calculate the useful life, we need to use the straight-line method formula:</u>

Annual depreciation= (original cost - salvage value)/estimated life (years)

10,000= (140,00 - 20,000) / useful life

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useful life= 12 years

4 0
3 years ago
The modified accelerated cost recovery system (MACRS):Multiple ChoiceIs required for financial reporting.Does not allow partial
fredd [130]

Answer:

Therefore, the modified accelerated cost recovery system (MACRS): is included in the U.S. federal income tax rule for depreciating assets.

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The U.S. federal income tax rules for depreciating assets is the modified accelerated cost recovery system (MACRS). It is the current system allowed in the nation of the United States for tax computation deductions on account of depreciation for depreciable assets (other than intangible assets).

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6 0
3 years ago
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8 0
2 years ago
Whats the estimate sum for 3/56+8/9
valentinak56 [21]
You can make 9 into a fraction with the denominator of 56.

8/9= 48/56 (multiply both by 6)

Just add three to the numerator. We can round 48 to 50, so:

50/56+3/56= 53/56 That would be the estimation.

I hope this helps!
~kaikers
4 0
3 years ago
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