Answer:
The correct answer is letter "D": the output effect works to increase total revenue and the price effect works to decrease total revenue.
Explanation:
The output effect in a monopoly takes place when the price of input will raise the production costs of a business and reduce its output level and vice-versa. The price effect refers to the impact an activity has on the value of something. The price effect consists of the effect of substitution and the effect of profits. While the output effect has the purpose of increasing revenue, the price effect works towards decreasing it.
Lots of ways pick a subject and try hard.
Answer:
Valuation
Explanation:
Valuation -
It refers to the process of determining the worth of some object or property , is referred to as valuation .
Or ,
The method to find the present value of any asset is known as valuation .
The process of valuation can be done on objects like , stocks , patents , business enterprises , bond of the company , property etc.
The reason for getting valuation is for investment analysis , merger , taxable events , capital budgeting .
Hence , from the given scenario of the question ,
The correct answer is valuation .
Answer:
$70
Explanation:
Total revenue from three employees:
= No. of gallons of paint produced × Selling price per gallon
= 40 × $15
= $600
Total revenue from four employees:
= No. of gallons of paint produced × Selling price per gallon
= 48 × $15
= $720
Total revenue created by 4th worker:
= Total revenue from four employees - Total revenue from three employees
= $720 - $600
= $120
Cost of hiring 4th worker = $50 per day
Therefore,
Marginal profit for the fourth employee:
= Total revenue created by 4th worker - Cost of hiring 4th worker
= $120 - $50
= $70
