Answer:
option (c) $25 million
Explanation:
Data provided in the question:
The marginal propensity to consume in Frugalia, MPC = 0.60
Increase in spending = $10 million
Now,
The total increase in income
= 
× Increase in spending
on substituting the respective values, we get
= 
× $10 million
= 
× $10 million
or
= 2.5 × $10 million
or
= $25 million
Hence,
The answer is option (c) $25 million
If AR is constant, MR is equal to AR. Both are indicated by the same horizontal straight line(a situation of perfect competition)
<h3>What is the marginal revenue curve for a perfectly competitive firm?</h3>
- Marginal revenue for a company with perfect competition is the same as average revenue and pricing.
- This suggests that at values bigger than the average variable cost, the firm's short-run supply curve is its marginal cost curve.
- The company closes if the price falls below the average variable cost.
Marginal revenue is the change in total revenue when one more unit of a commodity is sold.
MR= change in TR/change in quantity sold
Average revenue refers to revenue per unit of output.
AR=TR/Q
Relationship between AR and MR:
If AR is constant, MR is equal to AR.
Both are indicated by the same horizontal straight line(a situation of perfect competition)
To learn more about marginal revenue, refer to
brainly.com/question/13444663
#SPJ4
Answer:
create specific budgets for things like vacations or a wedding
calculate the amount of mortgage payments or car payments
Answer:
Q2. B
Because a management is basically Base of separation of powers where all organs get work to do
Q3. A
Q4. B
Answer: $263,000
Explanation:
Based on the information given, the finished goods inventory on September 30 will be calculated as:
= Begining inventory + Transfers in - Transfers out.
= $203000 + $1,770,000 - $1,710,000
= $263,000
Therefore, finished goods inventory on September 30 was $263,000
