1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Andrei [34K]
3 years ago
11

When a certain competitive firm produces and sells 100 units of output, marginal revenue is $80. When the same firm produces and

sells 200 units of output, what is average revenue? a. $40 b. $80 c. $160 d. This cannot be determined from the given information.
Business
1 answer:
Assoli18 [71]3 years ago
6 0

Answer:

d. This cannot be determined from the given information

Explanation:

To find the average revenue of 200 units it is necessary to know the total units. However, the function of the marginal revenue is not given. It is impossible to infer the marginal revenue (price) of other units (of output) only from knowing the marginal revenue of the 100th unit.

You might be interested in
Fvbfffbvbfbfbt rgrfgvfvfv
Dmitry [639]

Answer:

I do not understand the letters of which you are writing.

5 0
3 years ago
Amberjack Company is trying to decide on an allocation base to use to assign manufacturing overhead to jobs. The company has alw
svetoff [14.1K]

Answer:

Results are below.

Explanation:

Giving the following information:

Estimated Value Actual Value

Manufacturing overhead cost $732,000 $842,000

Direct labor hours 14,640 hours 16,600 hours

<u>To calculate the predetermined manufacturing overhead rate we need to use the following formula:</u>

Predetermined manufacturing overhead rate= total estimated overhead costs for the period/ total amount of allocation base

Predetermined manufacturing overhead rate= 732,000 / 14,640

Predetermined manufacturing overhead rate= $50 per direct labor hour

<u>Now, we can allocate overhead:</u>

Allocated MOH= Estimated manufacturing overhead rate* Actual amount of allocation base

Allocated MOH= 50*16,600

Allocated MOH= $830,000

<u>Finally, the over/under allocation:</u>

Under/over applied overhead= real overhead - allocated overhead

Under/over applied overhead= 842,000 - 830,000

Underapplied overhead= $12,000

8 0
3 years ago
The ________, published by the Department of Labor, lists more than 20,000 job titles and descriptions and serves as a useful to
matrenka [14]

Answer:

Dictionary of Occupational Titles

Explanation:

The answer is the Dictionary of Occupational Titles because this is a document created by the United States Department of Labor in which it establishes a big amount of different jobs in many areas and what they involve to help employers and the government to be able to define them in their organizations.

6 0
3 years ago
What two conditions must hold for a competitive market to produce efficient outcomes?
nexus9112 [7]
Those are supply curves and demand curves. Supply curves have to meet the production requirements, while demand curves have to meet the consumer's willingness to pay.
4 0
3 years ago
What is an overdraft? A. Not making deposits frequently enough B. Making purchases at too many different retailers C. Going belo
svp [43]

Answer:

D. Spending more money than you have in your account

Explanation:

An overdraft occurs when money is withdrawn from a bank account and the available balance goes below zero. In this situation the account is said to be "overdrawn".

5 0
3 years ago
Read 2 more answers
Other questions:
  • 2. If a series of severe storms in the Atlantic Ocean drastically significantly disrupted the transatlantic slave trade, which w
    14·1 answer
  • When profit-maximizing firms in competitive markets are earning profits, market demand must exceed market supply at the market e
    12·1 answer
  • At orange​ photography, determining the purpose of your communication is paramount. this represents​ __________ of the writing p
    12·1 answer
  • What information is needed to create a monthly budget
    14·1 answer
  • When the owner of a sole proprietorship dies, what becomes of the business?
    6·1 answer
  • Jake is the maker of a $2,000 promissory note payable to Kim. Kim indorses the note to Lou who, in turn, indorses it to Mona, wh
    10·1 answer
  • Two​ countries, Alpha and​ Beta, have identical production possibilities frontiers. What is the outcome if Alpha produces at poi
    6·1 answer
  • Assume that an appliance manufacturer is employing variable resources X and Y in such amounts that the MRPs of the last units of
    6·1 answer
  • Yared plc assembles and sells bicycles in bahir dar city. the company expects to sale 400 bicycles for br. 600 each in 2015. the
    14·1 answer
  • Setting objectives and identifying methods to achieve those objectives is called.
    14·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!