Answer:
(a) $570
(b) $680
(c) $110
Explanation:
(a) Total revenue refers to the revenue that is obtained by selling a particular quantity of goods at a particular price.
Hot Air's total revenue when the quantity is 3 rides per month:
= Quantity of rides × Price per ride
= 3 × $190
= $570
(b) Hot Air's total revenue when the quantity is 4 rides per month:
= Quantity of rides × Price per ride
= 4 × $170
= $680
(c) Marginal revenue is defined as the revenue obtained from an additional unit sold.
In this case, it is calculated as the difference between the total revenue obtained from the 3 rides per month and the total revenue obtained from the 4 rides per month.
Hot Air's marginal revenue when the quantity increases from 3 rides to 4 rides a month:
= $680 - $570
= $110
Missing information: Market demand schedule is missing from the question. Hence, it is attached with the answer.
B. you dress professionally because you need to be good in their eyes because some people judge by the way you wear and you need to make research to make you very confined and competent with your self , this will make you talk like a super star on the stage
Answer:
Operating Cash flow is $19,440
Explanation:
Operating Cash flow
Sales = $38,530
-Costs = $12,750
-Depreciation <u>= $2,550</u>
Operating Income = $23,230
-Interest Expense = $1,850
Income before Tax = $21,380
-Tax <u>= $4,490</u>
Net Income = $16,890
Operating Cash Flow = Net Income + Non-Cash Expenses – Increase in Working Capital
Operating Cash flow = $16,890 + $2,550 - 0
Operating Cash flow = $19,440
Answer:
The availability and productivity of real resources, not by the price level.