Marginal revenue is the ratio that is calculated in order to account for the change in overall income that results from selling one additional unit. This term is usually considered a microeconomic term but has many managerial accounting applications.
The formula to be used is,
Marginal revenue = (change in total revenues)/(change in quantity sold)
Revenue for 2 units sold: R = (2 units)($8.50/unit) = $17
Revenue for 3 units sold: R = (3 units)($8.00/unit) = $24
Change in Total Revenue = $24 - $17 = $7
Marginal Revenue = ($7) / (3 - 2) = $7/1
<em>ANSWER: Marginal Revenue: $7/unit</em>
Answer:
Disaster recovery plan
Explanation:
Disaster recovery plan (DRP), it is a plan or approach which is structured as well as documented, states how the organization or business could resume work after the unplanned incident happen.
It is the vital part of the business as depend on the functioning of IT, it aims to resolve the loss of data and also recover the system functionality so that the could perform well after incident.
So, DRP, could help in recognizing the steps required to restore the failed system in the business.
Answer:
A. Cassandra will not be able to collect the money from Wally
Explanation:
Answer:
1) 19 days
2) 109 days
Explanation:
1. Days of personal use = days in which he stayed in the house = 19
2. Days of rental use = actual days which was played for out days for elligible rent.
Where Fbr = favorite brother rent days = 11
Fbl = least favorite brother rent days = 12 days
Rfb = days of rent to friend = 14
Tpr = third party rent days = 72
Days of rental use = Fbr + Fbl + Rfb + Tpr = 11 + 12 + 14 +72 = 109days
