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sleet_krkn [62]
3 years ago
6

You are told that for a certain linear program, that the Reduced Cost for x3 is -$0.78 and that the Shadow Price for Constraint

3 is $2.15. The total revenue is currently $256.58. If the producer decided to purchase three more units of b3 (input 3), what would happen to the firm's total revenue?
Business
1 answer:
Stella [2.4K]3 years ago
3 0

Answer:

The firm's Total revenue will increase

Explanation:

Based on the information given we were told that the total revenue is currently an amount of $256.58 which means that If the producer decided to purchase three more units of b3, what would happen to the firm's total revenue is that the firm's TOTAL REVENUE will tend to increase reason been that the firm is selling more and in a situation where the numbers of units sold increase this means that the TOTAL REVENUE will as well increase.

Hence the increases in the price of the product for every single unit sold will lead to increases in TOTAL REVENUE.

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6 0
1 year ago
As a factor of production, how is capital created
Naya [18.7K]

Answer:

though borrowing loans

Explanation:

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3 years ago
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What channel intermediary does not take title to products, but instead brings a seller and buyer together?.
kondaur [170]

Answer:

It would be the agent by definition.

4 0
2 years ago
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Before going into a prospect's office, the secretary advised the new salesperson that her boss likes facts and figures and is su
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Austin Grocers recently reported the following 2016 income statement (in millions of dollars): Sales $700 Operating costs includ
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Answer:

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