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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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6 0
3 years ago
A new faculty member at the local university pays $1,500 per month to rent an apartment in the downtown area. She teaches on cam
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Answer:

$2,700

Explanation:

Calculation for what should this professor be willing to pay in rent per month

First step is to calculate the Transportation cost per week

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Therefore what should this professor be willing to pay in rent per month to live near campus if her hourly wage rate is $25 will be $2,700

3 0
2 years ago
The following are the current? month's balances for ABC Financial? Services, Inc. before preparing the trial balance. Accounts P
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Answer:

B. $ 23 comma 000 $23,000

Explanation:

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Total Debit = Total Credit

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Expenses                     $16,500

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6 0
3 years ago
You can buy a car that is advertised for $24,600 on the following terms: (a) pay $24,600 and receive a $4,600 rebate from the ma
Vadim26 [7]

Answer:

A. $20,000

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Answer:

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