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
Usimov [2.4K]
4 years ago
11

Suppose that a monopolistically competitive restaurant is currently serving 230 meals per day (the output where mr = mc). at tha

t output level, atc per meal is $10 and consumers are willing to pay $12 per meal.
Business
1 answer:
Gre4nikov [31]4 years ago
8 0

Answer:

460$ profit

Explanation:

Marginal revenue is equal to marginal cost which shows that the restaurant is working in a competitive environment.

The restaurant is serving 230 meals, per meal cost is 10$.

The total cost of serving 230 meals is = 230*10 = 2300$  

The restaurant is earning 2$ profit per meal, the total profit is = 230* 2= 460$

You might be interested in
How does the interpretation of the regression coefficients differ in multiple regression and simple linear regression?
kati45 [8]

Answer and explanation:

Regression coefficients portrait the changes in variables after one unit has changed keeping the rest of the predictors of the model the same. While the <em>simple linear regression</em> is predicted from one variable, the <em>multiple regression</em> is predicted for more than one of them.

5 0
3 years ago
Ruis Corporation, a publicly held corporation, has thirty-five members on its board of directors. In order to conduct business e
Oliga [24]

Answer:

illegal

Explanation:

According to my research on the rules or regulations that a corporation must follow, it can be said that based on the information provided within the question what was done is illegal. Based on the Sarbanes-Oxley Act every entity titled as a corporation is required by law to have an audit committee. Since one was not created for the Ruis Corporation it is technically an illegal corporation.

I hope this answered your question. If you have any more questions feel free to ask away at Brainly.

6 0
3 years ago
Fiat money has an alternative use as an economic good, while commodity money did not. True or false
Drupady [299]

Answer:

False

Explanation:

Commodity money is money whose value comes from a commodity of which it is made. Commodity money consists of objects having value or use in themselves (intrinsic value) as well as their value in buying goods.

Fiat money is a currency without intrinsic value that has been established as money, often by government regulation. Fiat money does not have use value.

4 0
4 years ago
Consider an economy that produces only chocolate bars. In year 1, the quantity produced is 5 bars and the price is Rs.600 per ba
musickatia [10]

Answer:

An apple, potato, and onion all taste the same if you eat them with your nose plugged

Explanation:

4 0
3 years ago
Equipment was purchased for $60,000. Freight charges amounted to $2,800 and there was a cost of $8,000 for building a foundation
Sholpan [36]

Answer:

a. $11,760. 

Explanation:

Straight line depreciation expense = (Cost of asset - Salvage value) / useful life

Cost of asset = $60,000 + $8,000 + $2,800 = $70,800

($78,800 - $12,000) / 5 = $11,760. 

I hope my answer helps you

6 0
4 years ago
Other questions:
  • A firm underwriting of a municipal bond issue usually has a number of different broker-dealers involved. Those who earn the tota
    8·1 answer
  • Kubin Company's relevant range of production is 20,000 to 23,000 units. When it produces and sells 21,500 units,its average cost
    9·1 answer
  • Oliver has $5000 in a savings account, has $8000 invested in the stock
    9·1 answer
  • PLEASE HELP!
    11·2 answers
  • EXERCISE 6-3
    9·1 answer
  • Carmel Corporation is considering the purchase of a machine costing $56,000 with a 9-year useful life and no salvage value. Carm
    9·1 answer
  • Carlos is a hard-working college senior. One Saturday, he decides to work nonstop until he has answered 100 practice problems fo
    6·1 answer
  • A computerized cash payments system that transfers funds without the use of checks, currency, or other paper documents.
    11·1 answer
  • Rent controls force landlords to price apartments below the equilibrium price level. An immediate effect is a shortage (excess d
    15·1 answer
  • Is eskom's managers actively involved in the decisions of the business​
    13·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!