Answer:
$2.45
Explanation:
The formula to compute the marginal revenue is shown below:
Marginal revenue = Change in total revenue ÷ Change in number of quantity sold
where,
Change in total revenue would be
50 burgers × $5 = $250
51 burgers × $4.95 = $252.45
So, the change in total revenue is
= $252.45 - $250
= $2.45
And, the change in number of quantity sold is
= 51 burgers - 50 burgers
= 1
So, the marginal revenue is
= $2.45 ÷ 1
= $2.45
Answer:
Scatter Diagram.
Explanation:
Scatter Diagrams are convenient mathematical tools to study the correlation between two random variables. As the name suggests, they are a form of a sheet of paper upon which the data points corresponding to the variables of interest, are scattered.
Answer:
$12.53
Explanation:
Data provided in the question
Par value = $1,000
Coupon rate = 2.5%
Reference CPI = 204.89
Now CPI = 205.44
By considering the above information, the correct calculation of the current interest payment is
= Par value × Current CPI ÷ Reference CPI × Coupon rate ÷ 2
= $1,000 × 205.44 ÷ 204.89 × 2.5% ÷ 2
= $12.53
We assume the interest is on semi annual payments
Answer:
D) increase at a faster rate than the costs associated with those sales.
Explanation:
If the break even point was reached during the 20th day of the month, then any revenue generated during the remaining 10-11 days will increase net profits. The amount of net profit increase will be determined by the contribution margin of each service provided. The contribution margin = net sales - variable costs. Since the fixed costs have already been covered, the contribution margin will be equal to the net profit.
