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IRINA_888 [86]
3 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]3 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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Explanation:

a) Data and Calculations:

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Assets Cash                            $ 21,400

Accounts receivable                  71,400

Merchandise inventory           156,800

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Budgeted sales            $320,000        $300,000   $290,000

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Cash disbursements $279,200         $238,000

Difference                    ($31,800)           $71,000

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