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]
2 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]2 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
Which neighborhood quality of life issue is most affected by the overuse of alcohol?
WITCHER [35]

Neighborhood quality of life issue is most affected by the overuse of alcohol unemployment, poverty, poor family integration, and high residential mobility are known to contribute to a greater risk of alcohol problems.

Alcohol interferes with the mind's conversation pathways and might affect the manner the brain seems and works. those disruptions can trade mood and conduct, and make it harder to assume virtually and circulate with coordination.

Alcohol has massive poisonous consequences on the digestive- and cardiovascular structures. Alcoholic drinks are classified as carcinogenic by the global organization for research on most cancers and boom the threat of several cancer types.

To lessen the chance of damage from alcohol-associated sickness or harm, healthy men and women should drink no more than 10 general liquids every week and no extra than 4 standard liquids on any person's day.

Learn more about alcohol here:

brainly.com/question/947751

#SPJ9

6 0
2 years ago
when considering the materials aspect of your art show budget, you should consider everything you need others to do to make the
sladkih [1.3K]

When considering the materials aspect of your art show budget, you should consider everything you need others to do to make the show happen, this statement is false.

An art show is historically the distance wherein artwork objects meet an target market. The showcase is universally understood to be for a few brief duration except, as is hardly ever genuine, it is said to be a "everlasting exhibition". In American English, they may be referred to as "showcase", "exposition" or "display".

What is the reason of an art show?

"Short solution: to make artists' ideas public. "long answer: The reason of an art show is ultimately unique to every exhibition, pushed with the aid of artists' ideas, the context of the distance, and the organizer/curator.

How do I get into art show?

Recognize the topic.

Study and understand the rules thoroughly.

Follow the regulations.

Input the most quantity of portions that you are allowed.

Provide the info but not any greater than that.

Enter as many suggests as possible.

Do not take it for my part in case your artwork doesn't get in.

Learn more about art show here:- brainly.com/question/25729154

#SPJ4

8 0
2 years ago
___ refers to the potential for the long-term well-being of the natural environment, including all biological entities, as well
Neko [114]

Answer: Sustainability

Explanation:

The sustainability is the term which is used to refers to the economical activities that helps in maintain the present actual requirement and also understanding the future abilities.

The importance of the sustainability is that it helps in maintain the quality of our environment and also the various types of natural resources.

The following are some benefits of the sustainability are as follows:

  • Reduce the cost
  • Helps in reducing the waste
  • Increase the productivity in an organization
  • The business abilities get increased

According to the question, the sustainability is basically refers to the natural environment that has long term potential which include the various types of biological entities, business strategies and also the interaction with the environment.

 Therefore, Sustainability is the correct answer.

8 0
3 years ago
Journalize the July transactions.
xxMikexx [17]

Answer:

Transactions :

July 1

Cash $39,870 (debit)

Cleaning Equipment $2,500 (debit)

Capital $42,370 (credit)

July 1

Truck $10,500 (debit)

Cash $2,500 (credit)

Accounts Payable $8,000 (credit)

July 3

Cleaning Supplies $1,794 (debit)

Accounts Payable $1,794 (credit)

July 5

Prepaid Insurance $1,800  (debit)

Cash $1,800  (credit)

July 12

Trade Receivable $4,813 (debit)

Service Revenue $4,813 (credit)

July 15

Cash $1,650 (debit)

Deferred Revenue $1,650 (credit)

July 18

Accounts Payable $1,200  (debit)

Cash $1,200 (credit)

July 20

Cash $3,632 (debit)

Accounts Receivable $3,632 (credit)

July 25

Trade Receivables $6,275 (debit)

Service Revenue $6,275 (credit)

July 31

Utilities : Gasoline  $297 (debit)

Cash  $297 (credit)

July 31

Capital $1,000 (debit)

Cash $1,000 (credit)

Adjustments:

July 31

Cash $2,476 (debit)

Deferred Revenue $2,476 (credit)

July 31

Depreciation $175 (debit)

Accumulated Depreciation $175 (credit)

July 31

Deferred Revenue $450 (debit)

Revenue $450(credit)

July 31

Insurance Expense $150 (debit)

Insurance Prepaid $150 (credit)

July 31

Supplies Inventory $521 (debit)

Income statement $521 (credit)

July 31

Wages $287 (debit)

Wages Payable $287 (credit)

Explanation:

Journal entries have been made for both the <em>transactions </em>and <em>adjustments </em>that occurred during the period.

Note : Revenue earned but not billed is recorded as a Liability known as Deferred Revenue. The liability is de-recognized later as the customers or service is billed.

8 0
2 years ago
For whom were the first ready-to-wear suits made in America?
Naya [18.7K]

c. Sailors would be the correct answer

3 0
3 years ago
Other questions:
  • A customer holds 100 shares of ABC Corp $100 par convertible preferred stock convertible at a 10 to 1 ratio. If ABC declares and
    10·1 answer
  • Vesting refers to;
    15·1 answer
  • In pure competition, producers compete exclusively on the basis of
    7·2 answers
  • Which statement would apply to a consortium?
    15·1 answer
  • WACKO Ltd. has $30 million in debt, equity of $55 million, an after-tax cost of debt of 6 percent, a cost of equity of 9 percent
    14·1 answer
  • Listed below are several transactions that took place during the first two years of operations for the law firm of Pete, Pete, a
    7·1 answer
  • "Markets are not always perfectly competitive and some firms consistently outperform industry averages. This suggests that firm
    10·1 answer
  • Here are data on two companies. The T-bill rate is 4% and the market risk premium is 6%.What would be the fair return for $1 Dis
    9·1 answer
  • Depreciation is included on a balance sheet to show that
    11·1 answer
  • A machine with a cost of $85,000 has an estimated residual value of $5,000 and an estimated life of 5 years or 20,000 hours. Wha
    9·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!