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uysha [10]
3 years ago
11

Fill in the price and the total, marginal, and average revenue Vesoro earns when it produces 0, 1, 2, or 3 boxes each day. Quant

ity Price Total Revenue Marginal Revenue Average Revenue (Boxes) (Dollars per box) (Dollars) (Dollars) (Dollars per box) 0 0 – 1 2 3 The demand curve that Vesoro faces is identical to which of its other curves? Check all that apply. Average revenue curve Marginal revenue curve Marginal cost curve Supply curve
Business
1 answer:
Tems11 [23]3 years ago
7 0

Answer:

Demand Curve is same as Average Revenue (AR) curve.

Total Revenue, Marginal Revenue, Average Revenue have been solved below

Explanation:

The demand curve that Vesoro faces is identical to 'Average Revenue' <u>curve</u>. As, AR curve represents average price (P) buyers are willing to pay for a quantity of a commodity.

Average Revenue (AR) is total revenue (TR) per unit quantity. AR = TR/ Q. Total Revenue is the total revenue for all quantities, TR = P x Q

So, Average Revenue = (P x Q) / Q = P ie price. This states that average price willingness to pay is same as AR, demand curve is AR curve.

Assuming perfect competition constant price = $5

Q    P    TR= PxQ   AR= TR /Q   MR (marginal revenue = TRn -TRn-1)

0     5         0                 0                _

1     5          5               5                5

2     5         10              5                5

3     5         15              5                5

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Answer:

d. rational decision making

Explanation:

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5 0
4 years ago
Co. paid a $0.632 dividend per share in 2013, which grew to $0.76 in 2016. This growth is expected to continue. What is the valu
loris [4]

Answer:

$34.22

Explanation:

The computation is shown below:

Value of the stock = Next year dividend ÷ (Required rate of return - growth rate)

where,  

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And, Next year dividend would be

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8 0
3 years ago
Which of these is an example of ownership
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What is the basic purpose of the consumer price index (CPI)? A. to track monthly changes in prices paid by urban consumers B. to
Elina [12.6K]

Answer:

A). to track monthly changes in prices paid by urban consumers.

Explanation:

CPI(Consumer Price Index) is characterized as 'a statistical estimate of the price level of goods and services bought by consumers for consumption purposes by the households.' It primarily aims to estimate the change or swap in the prices of the weighted average price of the common basket(consumption goods, as well as, services that the consumers pay for). It is calculated using the formula;

CPI_{t}  = \frac{C_{t} }{C_{0} } * 100

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