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
ArbitrLikvidat [17]
3 years ago
8

The market price of one package of raspberries sold in a perfectly competitive market is $7. Based on this information, what is

the marginal revenue of increasing production from 30 packages to 45 packages?
Business
1 answer:
Kitty [74]3 years ago
3 0

Answer:

$105

Explanation:

In a perfectly competitive market, all suppliers and all consumers are price takers. That means that no one has enough market power to either raise or lower the price.

This means that the marginal revenue obtained by selling 15 more packages = 15 packages x $7 = $105

In a perfectly competitive market, the demand curve is perfectly elastic or horizontal at a given market price.

You might be interested in
Consider a small country that is closed to trade, so its net exports are equal to zero. The following equations describe the eco
viva [34]

Answer:

Y = 300

government multiplier 2

output demanded increase by 20

If income tax is applied:

Y = 272.72

multipliers: 2.253775

increase 22.53775 billons

As disclosure it has a larget effect when the income tax is levied based on income rather than a flat rate.

Explanation:

DI = Y - 100

C = 30 + 0.6(Y - 100)

C = 30 - 60 + 0.6Y

C = 0.6Y - 30

Y = C + G + I

Y = (0.6Y -30) + 120 + 30

Y = 120 / 0.4 = 300

C = (0.6)300 - 30 = 150

With C we solve for the multiplier:

150/300 = 0.5

1 / (1 - 0.5) = 2

10 x 2 = 20

If variable that:

C = 30 + 0.6 (0.75Y)

C = 30 + 0.45Y

Y = 0.45Y + 120 + 30

Y = 150/.55 = 272,72

C = 30 + 0.45Y = 152,72

Propensitivity to consume:

152.72/272.72 = 0,5563

multiplier:

1 (1 - PMC) = 2.253775073

10 nillon will icnrease x 2.25377 = 22.54 billons

8 0
3 years ago
During the direst part of the Great Depression, approximately ______ percent of the nation's workers was unemployed.
vova2212 [387]
29.4 percent of workers
7 0
2 years ago
with no inflation, a bank would be willing to lend a business firm $5 million at an annual interest rate of 6 percent. but if th
Alex

Interest rate - A bank might want to loan a business structure 5000000 dollar at a n old financing cost of 6%.

What is interest rate?
A percentage of the principal, or the amount loaned, is what a lender charges a borrower as interest. The annual percentage rate, or APR, is the usual unit used to express the interest rate on the a loan (APR). The amount earned from a savings account as well as certificate of deposit at a credit union or bank may also be subject to interest rates (CD). Interest on these deposit accounts is calculated as an annual percentage yield (APY). The borrower is essentially charged interest for the use of the asset. Cash, consumer products, vehicles, and real estate are all examples of lent assets. An interest rate can therefore be viewed as the "cost of money" because it increases the cost of borrowing the very same amount of money.

Learn more about interest rate here:
brainly.com/question/25793394
#SPJ4

3 0
11 months ago
Federal Semiconductors issued 11% bonds, dated January 1, with a face amount of $800 million on January 1, 2021. The bonds sold
BabaBlast [244]

Answer:

calcule estúpido malparido

3 0
3 years ago
Assume that a $1,000,000 par value, semiannual coupon U.S. Treasury note with two years to maturity has a coupon rate of 6%. The
velikii [3]

Answer:

Value of treasury note = 738000

Explanation:

Value of treasury note = Interest * PVAF(9.9%,5Years) + Maturity Value * PVF(9.9%,5year)

= 30000 * 3.800 + 1000000 * 0.624

= 738000

3 0
3 years ago
Other questions:
  • Why is it important to maintain network relationships, even after you have found a job?
    14·2 answers
  • Which of the following foods does not support bacteria growth?
    13·1 answer
  • 1. What is a supply chain? How can managerial accountants help to improve the supply chain?
    12·1 answer
  • Managers transform a portion of organizational resources into appropriate organization member behavior mainly by performing acti
    11·1 answer
  • 2. Best Ever Toys just paid its annual dividend of $1.78 per share. The required return is10.6 percent and the dividend growth r
    10·1 answer
  • Francis Real Estate Company has the following account balances at December 31, the end of its fiscal year. Debit Credit Commissi
    14·1 answer
  • The following costs result from the production and sale of 5,000 drum sets manufactured by Tight Drums Company for the year ende
    11·1 answer
  • You are choosing the color scheme for a Web page. Which color is considered the color of extremes and is used to capture attenti
    10·2 answers
  • Did yall know Kanye West was running for president?
    10·1 answer
  • Kelly has decided to start his own business giving sailing lessons. To purchase equipment for the business, Kelly withdrew $1,00
    13·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!