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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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Company A uses the FIFO method to account for inventory and Company B uses the LIFO method. The two companies are exactly alike
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Company A uses the FIFO method to account for inventory and Company B uses the LIFO method. The two companies are exactly alike except for the difference in inventory cost flow assumptions.  The debt-to-equity ratio measures your company's total debt relative to the amount originally invested by the owners and the earnings that have been retained over time.

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7 0
1 year ago
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STatiana [176]

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Quickbrush Paint Company is developing a linear program to determine the optimal quantities of ingredient A and ingredient B to
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Answer:

A. 0.9x + 0.3y ≤ 10,000

Explanation:

Given

x \to oil based plant

y \to water based plant

The data can be represented in tabular form as:

\begin{array}{ccc}{} & {A} & {B}  & {x} & {90\%} & {10\%}  & {y} & {30\%} & {70\%} & {} & {10000} & {5000}\ \end{array}

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