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
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

You might be interested in
A study published in 2011 by the OECD noted that Group of answer choices the real household income of unskilled workers in the U
slavikrds [6]

Answer:

the gap between the poorest and richest segments of society in some OECD countries had widened.

Explanation:

A study published in 2011 by the Organisation for Economic Co-operation and Development (OECD) noted that the gap between the poorest and richest segments of society in some Organisation for Economic Co-operation and Development (OECD) countries had widened.

8 0
3 years ago
Stelwire LLC, a vintage car dealer, advertises the sale of a 1964 Ford Thunderbolt. Ralph
DENIUS [597]

Answer:

A) firm offer rule

Explanation:

The firm offer rule states that an offer shall remain open and firm until its expiration date (in this case a fortnight). Stelwire LLC can revoke an offer (anyone can) but in order to do so, it must notify the other party about the revocation. If Stelwire LLC didn't properly revoke the offer before Ralph accepted it, then they are liable for it.

3 0
4 years ago
Bill Dukes has $100,000 invested in a 2-stock portfolio. $32,500 is invested in Stock X and the remainder is invested in Stock Y
pshichka [43]

Answer:

0.98

Explanation:

Computation for Bill Duke portfolio's beta

First step is to find the Investment in Y which is:

Investment in Y=100,000-35,000

=$65,000

Second step is to calculate for the Portfolio beta using this formula

Portfolio beta=Respective beta*Respective Investment weight

Portfolio beta =(35,000/100,000*1.5)+(65,000/100,000*0.7)

Portfolio beta=(0.35*1.5) +(0.65*0.7)

Portfolio beta =0.525 +0.455

Portfolio beta=0.98

Therefore the Portfolio Beta will be 0.98

7 0
3 years ago
A 10% decrease in the price of gas grills leads to a 15% increase in the demand for flank steaks. The cross-price elasticity of
Licemer1 [7]

Answer:

B) -1.5

Explanation:

Cross-price elasticity of demand is calculated by dividing the percentage change in quantity demanded of good A by the percentage change in price of good B.

cross-price elasticity of demand = change in demand of flank steaks / change in price of gas grills = 15% / -10% = -1.5

3 0
3 years ago
Read 2 more answers
Jake is an innovative engineering graduate who works for a large company that makes adhesive products for commercial and consume
Paul [167]
<span>Answer : Intrapreneurial
   
Explanation: Intrapreneurs have the capability and the resources available to work freely and are instructed to innovate or to work on a novel idea into a profitable finished product by taking assertive risks.</span>
8 0
3 years ago
Other questions:
  • In 2011 Buckeye Brewing produced 1,000 bottles of ginger ale each day. It employed 10 workers each working 8 hours a day. In 201
    14·1 answer
  • The worst possible consequence of conflict is ______.
    7·2 answers
  • The following information is available for the first year of operations of Engle Inc., a manufacturer of fabricating equipment:
    7·1 answer
  • Write a summary of the following passage: Full-time employees earn vacation days at the rate of one day per month, or twelve day
    6·1 answer
  • Which of the following statements regarding fiscal policy are true according to the macroeconomic consensus in the United States
    7·1 answer
  • Which of the following is a critical dilemma when implementing fiscal policy in reference to timing lags?
    7·1 answer
  • You are a management accountant for Time Treasures Company, whose company has recently signed an outsourcing agreement with Spot
    12·1 answer
  • You are opening up a brand new retail strip mall. You presently have more potential retail outlets wanting to locate in your mal
    7·1 answer
  • One year ago Lerner and Luckmann Co. issued 15-year, noncallable, 6.7% annual coupon bonds at their par value of $1,000. Today,
    14·1 answer
  • Examine the quarterly sales data in a little different way. Contruct two pie charts, one for sales in 2012 and the other for sal
    15·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!