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lions [1.4K]
3 years ago
5

Assume that the short-run cost and demand data given in the tables below confront a monopolistic competitor selling a given prod

uct and engaged in a given amount of product promotion. Cost Data Demand Data Total Output Total Cost Quantity Demanded Price 0 $25 0 $60 1 40 1 55 2 45 2 50 3 55 3 45 4 70 4 40 5 90 5 35 6 115 6 30 If the firm sells 3 units of output, marginal revenue will be _______.
Business
1 answer:
sesenic [268]3 years ago
7 0

Answer:

<u>$35</u>

<u>Explanation</u>:

Note the formula:

Total revenue (TR)= Price (P) x Q and Marginal revenue (MR) = Change in TR / Change in Q

<u>Total Revenue for 2 units of output sold</u>

= 2 x $50 = $100

<u>Total Revenue for 3 units of output sold</u>

= 3 x $45 = $135

<u>The Marginal Revenue=</u>

Change in TR (135-100) / Change in quantity (3-2)

= $35/1

= <u>$35</u>

Therefore, the Marginal Revenue If the firm sells 3 units of output, will be $35.

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Answer:

B) Only statement II is correct.

  • II. Has $20,000 of taxable income from Corporation Z.

Explanation:

One of the disadvantages of a C Corporation is that their owners (stockholders) are double taxed. That means that the corporation is taxed and then the stockholders are taxed depending on the dividends that they receive. In this case, Walter has $10,000 of taxable income from Corporation X (= $50,000 x 20%).

On the other hand, sole proprietorships, partnerships, limited liability companies and S Corporations are not taxed, they are pass through entities whose owners are taxed directly. In this case, Walter owns 20% of Corporation Z, therefore he must pay taxes on 20% of taxable income = $100,000 x 20% = $20,000.

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3 years ago
question 1 a data analyst identifies and classifies keywords from customer reviews to improve customer satisfaction. this is an
ehidna [41]

When a data analyst identifies and classifies keywords from customer reviews to improve customer satisfaction, this is an example of categorizing things.

<h3>What is data?</h3>

Data can be defined as a representation of factual instructions (information) in a formalized and structured manner, especially as a series of binary digits (bits) or strings that are used on computer systems in a company.

<h3>Who is a data analyst?</h3>

A data analyst can be defined as an expert or professional who is saddled with the responsibility of inspecting, transforming, analyzing, and modelling data with the sole aim of discovering useful information, providing insights, and creating informed conclusions, so as to support decision-making.

<h3>The data analyst six (6) problem types.</h3>

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Read more on data analyst here: brainly.com/question/27853454

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3 0
2 years ago
Will Jones, LLP is a small CPA firm that focuses primarily on preparing tax returns for small businesses. The company pays a $50
xxMikexx [17]

Answer:

The company pays $ 500 yearly fee to use Mega Tax Software which is record as fixed costs. Fixed costs do not differ with the variation in the manufacturing levels. Conversely, the fixed cost per unit declines as manufacturing increases, as the same fixed costs are extent over more units. Also the fixed costs per unit rises as the production decreases. Therefore when the production level increased from 300 units to 500 units, the fixed costs per unit reduced and since the variable cost per unit is the same at $ 10 per unit regardless of the levels of production, the total cost per return declines from $ 11.67 to $ 11.

7 0
3 years ago
A payments system based on money is A. more efficient than a barter economy because fewer prices are needed to establish relativ
Alchen [17]

Answer: Option A    

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However in a barter system one commodity is exchanged for the other. Therefore, the double coincidence of wants is needed for fulfilling these transactions. The actual value cannot be determined for any commodity.

  From the above we can conclude that the correct option is B.

8 0
3 years ago
arrugia Corporation produces two intermediate products, A and B, from a common input. Intermediate product A can be further proc
kodGreya [7K]

Answer:

if the firm processes A and B into X and Y, it will lose $25

Explanation:

total costs of producing product A and B = $90 (common input) + $36 (processing) = $126

selling price of A and B = $53 + $113 = $166

profit of selling A and B = $166 - $126 = $40

if A and B are processed further, the cost of X and Y = $126 + $33 + $66 = $225

selling price of X and Y = $80 + $160 = $240

profit of selling X and Y = $240 - $225 = $15

if the firm processes A and B into X and Y, it will lose $40 - $15 = $25

8 0
3 years ago
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