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Free_Kalibri [48]
3 years ago
11

Dimitri has several apple trees in his yard, and apples are a perfectly competitive market with a price of $2 per pound. if dimi

tri sells apples at the farmer's market, what is his total revenue and marginal revenue when he sells the 100th pound of apples?
Business
1 answer:
Alinara [238K]3 years ago
4 0
The total revenue and the marginal revenue when he sells the 100th pound of apples is 
total revenue is $200 (100 * 2) and marginal revenue is $2 (the price of the apple per pound in the market)

So the answer is the total revenue of Dimitri is $200 while the marginal revenue is $2.
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Gammy Corporation provides services with a normal price of $800,000 and a trade discount of $100,000. Terms are 2/10, n/30 and t
oee [108]

Answer:

$686,000

Explanation:

net service revenue = gross revenue - discount for early payment

gross revenue = total sales price - trade discount

gross revenue = $800,000 - $100,000 = $700,000

net service revenue = $700,000 - 2%($700,000) = $700,000 - $14,000 = $686,000

4 0
3 years ago
If the government issued license to pollute a total of 1,600 tons of emissions, the market price to emit 1 ton of emissions woul
kakasveta [241]

Answer:

$450 per ton.

Explanation:

The government has allowed to pollute 1600 ton of emission. The business has secured license from the government to run its business activities and drain the polluted waste in the sea. The total pollution allowed is 1600 tons and the cost of securing the license is $720,000. The cost per ton of emission would be $450.

5 0
3 years ago
The term relevant range as used in cost accounting means the range over which: Group of answer choices Costs may fluctuate. Rele
natali 33 [55]

Option D. The term relevant range is the range over which  Cost relationships are approximately linear.

<h3>What is relevant range?</h3>

This is the term that is used to refer to the assumption that the cost relationships are valid.

What this means is that the existing relationship between cost and any activity are linear, in a straight line.

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8 0
2 years ago
A business owner makes 1000 items a day. Each day she spends 8 hours producing those items. If hired, elsewhere she could have e
AveGali [126]

Answer:

c. ​$240,000

Explanation:

Her economic profit is given by her revenue deducted by the explicit costs (I=$150,000) and implicit costs (opportunity cost).

Her monthly revenue is:

R=1,000\ (items/day)*30\ days*\$15/item\\R = \$450,000

Her opportunity cost is:

O = 30\ days* 8\ (hours/day)*\$250/hour\\O=\$60,000

Her economic profit is:

P = R-I-O\\P=\$450,000-\$150,000-\$60,000\\P=\$240,000

The answer is c. ​$240,000.

5 0
3 years ago
Kevin and Randy Muise have a jar containing 4444 ​coins, all of which are either quarters or nickels. The total value of the coi
aev [14]

Answer:

they have 25 quarters and 19 nickels

Explanation:

let N = number of nickels

let Q = number of quarters

5N + 25Q = 720

N + Q = 44

N = 44 - Q (now we must replace)

5(44 - Q) + 25Q = 720

220  - 5Q + 25Q = 720

20Q = 720 - 220 = 500

Q = 500 / 20 = 25

N = 44 - 25 = 19

6 0
3 years ago
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