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IRINA_888 [86]
2 years ago
11

Suppose that the only café in town can sell five fish dinners per night at a price of $10 each. If this monopoly firm wants to s

ell six fish dinners, it must reduce the price to $9 each. When the business pursues this strategy to increase sales, the marginal revenue from the sixth dinner sold is:
a. $4.
b. $54.
c. $9.
d. $50.
Business
1 answer:
UNO [17]2 years ago
4 0

Answer:

a.$4

Explanation:

initial price of fish dinner per piece was= $10

no. of fish dinner sold = 5

total initial revenue= 5*10= $50

new price of fish dinner = $9

and now six  fish dinners are sold

new revenue= 6*9= $54

therefore the marginal revenue from the sixth dinner sold= 54-50= $4

hence option a is correct

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please discuss the similarities and differences between transformational and charismatic leadership. Choose an individual that q
Nookie1986 [14]

Answer:

The transformational leaders are bureaucratic and charismatic are people oriented in nature.

Explanation:

  • The charismatic leaders are also called as the transformational leaders and shares various things.
  • Charismatic leaders make their status better and transformational leaders focus on the transformation of the organization's vision. The main difference is the focus and the audience.
  • The charismatic leaders are committed and have engaging personalities like martin Luther king as his speeches were often more tangible than other leaders and used to have a huge influence on the people he met.
  • The charismatic leaders are more emotionally attached to their audience. They work towards an emphasis on the greater good. More people-oriented.

6 0
2 years ago
Maria has to choose between driving and taking a train to destination A. Travelling by train will cost her $400 and will take 4
dlinn [17]

Answer:

None of the options are correct

Explanation:

The train would cost her, which is computed as:

= Cost + (Hours × Opportunity Cost)

= $400 + (4 hours × $15 per hour)

= $400 + $60

= $460

The driving would cost her, which is computed as:

= Cost + (Hours × Opportunity Cost)

= $250 + (6 hours × $15 per hour)

= $250 + $90

= $340

Savings = Train Cost - Driving Cost

= $460 - $340

=$120

None of the options are correct as the she would save $120.

4 0
3 years ago
Why do you think it is important to have a diverse number of careers to choose from? How would it affect our global economy if t
dem82 [27]
Because if everyone went and had the same job no one else would know how to do the other jobs causing our entire economy to fail and entire city’s failing too.
3 0
2 years ago
To create the proper style for an argumentative essay, a writer should
spayn [35]

Answer:

<em>Provide clear statements</em>

<em>The government can pay for projects to create work</em>

Explanation:

3 0
2 years ago
Read 2 more answers
If an activity generates a positive externality, the government can increase total economic surplus by ___ the activity, and if
Fofino [41]

Answer:

C. subsidizing: taxing

Explanation:

An activity generates a positive externality if the benefits of economic activities to third parties exceeds its costs.

Example of activities that generate positive externality are education and research.

Government ought to encourage the production of activities that generates postive externality. One of the ways this can be done is through Subsidy. Subsidy reduces cost of production and increases production.

An activity generates negative externality if the benefits of economic activities to third parties is less its costs.

An example of negative externality is pollution.

Government can discourage activities that generates negative externality by taxation. Taxation increases the cost of production and discourages production.

I hope my answer helps you

8 0
2 years ago
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