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fomenos
3 years ago
11

Suppose the revenue from producing​ (and selling) x units of a product is given by Upper R (x )equals 10 x minus . 04 x squared

dollars.
​(a) Find the marginal revenue at a production level of 20. ​

(b) Find the production levels where the revenue is ​$400.
Business
1 answer:
Volgvan3 years ago
7 0

Answer:

marginal revenue is -6

and production levels 200, 50  

Explanation:

given data

R(x) = 10 x - 0.04 x²  

solution

we have given

R(x) = 10 x - 0.04 x²  

so here R'(x)  is

R'(x) = 10(1) - 0.4 (2x)  

R'(x) = 10 - 0.8 x ....................1

so here at x is 20 marginal revenue will be

R'(20) = 10 - 0.8(20)

R'(20) =  10 - 16

R'(20) = - 6

and

when revenue  is ​$400

R(x) = 400

400 = 10 x - 0.04 x²  

x= 200, 50

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Answer:

C

Explanation:

Trade off can be expressed in terms of opportunity cost.

Opportunity cost or implicit is the cost of the option forgone when one alternative is chosen over other alternatives.

Kyoko has limited time so she has to choose between three activities. If she chooses one sport, she would not be able to partake in the other activities. So, she is trading off biking or running for swimming.

Trade off occurs because resources are limited and wants are unlimited.

7 0
2 years ago
What would you say are four major faults of measurement
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Answer:

The major faults of measurement are:

  • Coverage
  • Measurement
  • Sampling and
  • Response

Explanation:

During business research, the data collected during the survey can become very unusable due to errors arising from the factors listed above.

The problem of coverage arises when for instance an electronic survey is used to collect data from a sample population where 69% for instance, do not have access to a mobile phone or a computer.

Measurement problems during a survey speak to the ability to properly design a questionnaire in such a way that it elicits the right kinds of responses. This means asking the right questions so that the responses or answers are accurate. The irony of measurement error is that one's survey is useless if they got the questionnaire design wrong, regardless of whether or not the response rate was very high.

After administering a survey and there is little or no response, one is said to have an error in response rate. A low response rate increases the error margin of the survey as well as it's unreliability.

Sampling errors are said to occur when the sample size is too small or statistically homogenous such that it does not accurately represent the entire population. When this happens it is termed <em>sample frame error.</em>

Another error can occur when the researcher includes the wrong population or excludes the right population. This is called <em>Error in Population Specification. </em>

Cheers

4 0
3 years ago
Answer this question on the basis of the given information for an economy in 2016. dollar value of resource extraction activity
Flura [38]
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3 years ago
Levine Inc., which produces a single product, has prepared the following standard cost sheet for one unit of the product. Direct
FinnZ [79.3K]

Answer:

Total materials variance = (Actual quantity * Actual price) - (Standard quantity * Standard price)

= 2,850 - (230 * 14.4)

= 462 (Favourable)

Materials price variance = (Standard price - Actual price) * Actual quantity

= [1.8 - (2,850/1,500)] * 1,500

= 150 Unfavourable

Materials quantity variance = (Standard quantity - Actual quantity) * Standard price

= [(230 * 8) - 1,500] * 1.8

= 612 Favourable

Total labour variance = (Actual hours * Actual rate) - (Standard hours * Standard rate)

= 19,458 - (230 * 84)

= 138 Unfavourable

Labour price variance = (Standard rate - Actual rate) *  Actual hours

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6 0
3 years ago
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CaHeK987 [17]

Answer:

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Explanation:

According to my research on different business strategies, I can say that based on the information provided within the question The Platinum Platform is utilizing a focused-differentiation strategy. This is a strategy that focuses on offering specific products that make the customer believe that the product is vastly superior to it's competitors even though prices are higher. This allows them to gain a competitive advantage in the market. Which is what Platinum Platform is doing by offering it's unique high quality bedding.

I hope this answered your question. If you have any more questions feel free to ask away at Brainly.

6 0
3 years ago
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