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
aliina [53]
2 years ago
11

When a perfectly competitive firm (that sells its good for $20 per unit) hires 1 unit of factor X it produces 70 units of output

and when it hires 2 units of factor X it produces 85 units of output. Marginal revenue product of the second unit of factor X is equal to
A. $30
B. $530
C. $265
D. $300
Business
2 answers:
alina1380 [7]2 years ago
6 0

Answer:

D) $300

Explanation:

Marginal revenue product (MRP) refers to the amount of money that an extra unit of resources (generally labor) generates for the company. It is calculated by multiplying the marginal physical product (MPP) times the marginal revenue (MR).  

The MPP is the amount of output generated by using one extra unit of resources, in this case = 85 units - 70 units = 15 units

The MR is the sales price of the units produced = $20

MRP = MPP x MR = 15 units x $20 per unit = $300

Gelneren [198K]2 years ago
5 0

Answer:

d)  $300

Explanation:

<em>Marginal revenue is the extra revenue from a resource the extra revenue earned from the use of additional  unit of a given resource for production purpose. It is calculated as the increase in total revenue as a result of utilizing one additional unit of a factor of production.</em>

Marginal revenue = total revenue from 85 units - total revenue from 70 units

Marginal revenue = ($20 × 85) - ($20× 70)

                           = $300

You might be interested in
Which of these are types of retail ownership? (Select all that apply.)
lisov135 [29]

Answer:

esc dont know

Explanation:

pp

sex

8 0
2 years ago
In the 1990s, the russian people lost confidence in the value of the ruble, and many were no longer willing to sell goods and se
hodyreva [135]
The answer to this question is <span>acceptability
The </span><span>acceptability characteristic refers to whether the currency is accepted as a medium of exchange for the transaction in the market.
Currency that has high rate of acceptability tend to be less volatile in the foreign exchange market and attract more investment.</span>
5 0
3 years ago
The part of the computer that contain the brain or central processing unit, is also know as the A. Modem b. Monitor. C. System u
timofeeve [1]
The awnser is C. system unit
7 0
2 years ago
Enterprise software includes a database and thousands of predefined​ ________________.
Lelechka [254]

Answer:

business processes

Explanation:

Enterprise software includes a database and thousands of predefined business processes that reflect best practices

7 0
1 year ago
Consider the market for economics textbooks. Explain whether the following events would cause an increase or a decrease in suppl
shtirl [24]

Answer:

a. The market price of editorial services increases. This will cause​ a(n)

C. decrease in supply.

Explanation:

The event that triggers the market price of editorial services to increase will also increase the quantity of editorial services offered, and increase the cost of economics textbooks.  As a result, it decreases the quantity supplied.  The producers or publishers of economics textbook may not be able to pass the increased cost to consumers.  They may not even have the resources to publish more books with an increased cost of editorial services.  It is only the editors who offer editorial services that will benefit from the market price increase, but only in the short-run.

4 0
3 years ago
Other questions:
  • Suppose that the behavior of households and firms in an economy is determined by the following equations C=60+0.9Yd, II = 34, G
    6·1 answer
  • A company has $4,500 in its Revenue account at the end of a period. The expenses are as follows: Rent, $750; Utilities, $150; Sa
    10·2 answers
  • A small manufacturing firm is currently negotiating with a union, but negotiations are not going well. The firm is concerned abo
    8·1 answer
  • A general manager should: select one:
    10·1 answer
  • Traditionally, the federal reserve can give emergency loans only to select one:
    9·1 answer
  • Which of the following is prepared​ last? A. Balance Sheet B. Statement of​ Owner's Equity C. Trial Balance D. Income Statement
    5·1 answer
  • Stocks offer an expected rate of return of 18% with a standard deviation of 22%. Gold offers an expected return of 10% with a st
    11·1 answer
  • _______ is a hybrid ADR in which both parties first submit to mediation for a set period of time (perhaps two business days). If
    8·1 answer
  • La. A friend of yours, Grace, wants to purchase a house in five years. To save for the house, Grace decides to deposit $ 112,000
    13·1 answer
  • Sonya and taylor enter into an oral contract that is required to be in writing to be enforceable. Such a contract is normally.
    15·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!