Answer:
The marginal revenue = $2
Explanation:
Firstly we calculate the value in dollars for the number of boxes sold
For 100 boxes, we have 100 * 2 = $200
For 200 boxes, we have 200 * 2 = $400
Mathematically, the marginal revenue = (cost of 200 boxes- cost of 100 boxes)/difference in quantity
= (400-200)/(200-100) = 200/100 = $2
Thus affirms the fact that for a perfectly competitive firm, marginal revenue MR = P (price)
Answer:
financial accounting and management accounting
Answer:
$6.98 per pound
Explanation:
The computation of the selling price per pound is shown below:
As we know that
8 pounds of coffee sells for $9.20 per pound which equal to
= 8 pounds × $9.20 per pound
= $73.6
And, 12 pounds of coffee is for $5.50 per pound which equal to
= 12 pounds × $5.50 per pound
= $66
The total value would be
= $73.6 + $66
= $139.60
And, the total number of pounds would be
= 8 pound + 12 pound
= 20 pounds
And we assume the selling price per pound be X
So, the equation would be
$139.60 = 20 pounds × X
So, X would be
= $139.60 ÷ 20 pounds
= $6.98 per pound
Answer:
Uh, of course I'm not at work! I brutally broke my back. Ouch.
Answer:
the present value of the annuity = $4,523,638
Explanation:
this is an ordinary annuity:
annual payment = $9,420,713 / 20 = $471,035.65
number of periods = 19 periods
interest rate = 8%
therefore, the present value annuity factor = 9.6036
the present value of the annuity = $471,035.65 x 9.6036 = $4,523,637.97 ≈ $4,523,638
