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Alona [7]
3 years ago
10

You are hired as a consultant for a local restaurant. It is considering whether to close at​ 9:00 p.m., stay open an extra hour​

(10:00 p.m.), or close earlier​ (8:00 p.m.). Based on wages and utility​ bills, the added cost​ (the marginal​ cost) of staying open for each additional hour is ​$404.If the additional revenue​ (the marginal​ revenue) during the last hour is ​$444​, the profit earned during the last hour of operation will be​ $ _______.
Business
1 answer:
Lyrx [107]3 years ago
8 0

Answer:

$40

Explanation:

Profit made is the difference between revenue earned and cost incurred by an entity.

Marginal profit is thus a difference between the additional sales during the added time and the additional cost incurred.

As such, for the local restaurant;

Profit earned during the last hour given that for each additional hour is ​$404 and the additional revenue​ (the marginal​ revenue) during the last hour is ​$444​

= $444 - $404

= $40

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I hope my answer helps you

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3 years ago
Select the correct answer. Parker is designing the compensation package for a candidate selected for the position of a software
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As a new manager, Candace has had to learn a lot, and sometimes her job is more stressful than she expected. As a manager, she n
ExtremeBDS [4]

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Explanation:

As a new manager, Candace has had to learn a lot, and sometimes her job is more stressful than she expected. As a manager, she needs to fulfill many roles. Candace schedules employees for shifts at the front desk, in the dog play areas, and in the bathing and grooming rooms.

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4 0
3 years ago
Jasmine Company sold $1,000,000 of 6%, 10-year bonds at 97 on January 1, 2020. The bonds were dated January 1, 2020 and pay inte
Snowcat [4.5K]

Answer:

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Interest Expense on December 31 = ($981,500 x 6%/2) + 1500 = $30,945

Total Interest Expense in 2020 = $31,500 + $30,945 = $62,445

5 0
3 years ago
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5 0
2 years ago
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