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Vadim26 [7]
3 years ago
13

Cogswell Corporation is considering how to price their patented mega-cogs. It knows that if it prices each widget at $50 then th

ey won't sell any widgets. A price of $45 brings a sale of only 1 unit. A price of $40 brings the a sale of 2 units. Finally, a price of $35 brings a sale of 3 units. The Marginal Revenue (MR) of the third unit is:
Business
1 answer:
allsm [11]3 years ago
5 0

Answer: $25

Explanation:

Total revenue, at price = $50

Total revenue = price × units sold

                       = $50 × 0

                       = 0

Total revenue, at price = $45

Total revenue = price × units sold

                       = $45 × 1

                       = $45

Total revenue, at price = $40

Total revenue = price × units sold

                       = $40 × 2

                       = $80

Total revenue, at price = $35

Total revenue = price × units sold

                       = $35 × 3

                       = $105

Marginal revenue of third unit = \frac{Change\ in\ total\ revenue}{change\ in\ units\ sold}

                                                    = \frac{105 - 80}{3 - 2}

                                                    = $25

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Your family should call your local Better Business Bureau. Hope this helps.
3 0
3 years ago
Lucas Diving Supplies Company, in its first year of business, had labor costs of $66,000, overhead costs of $98,000, materials p
bazaltina [42]

Answer:

the cost of goods manufactured is $183,000

Explanation:

The computation of the cost of goods manufactured is shown below:

Cost of goods manufactured = Labor cost + direct material purchased + overhead cost - ending balance of material - ending balance of work in process

= $66,000 + $22,000 + $98,000 - $1,000 - $2,000

= $183,000

Hence, the cost of goods manufactured is $183,000

6 0
3 years ago
A key objective for a retail layout is to A. expose customers to​ high-margin items. B. balance​ low-cost storage with​ low-cost
BARSIC [14]

Answer:

A. expose customers to​ high-margin items.

Explanation:

Retail layout refers to how retailers organize the shelf space and allocate all the products in a way that allows them to influence customer decisions. The objectives of the layout include creating a good customer experience and allowing customers to access easily the products with higher margins to generate more value for the company. According to this, the answer is that a key objective for a retail layout is to expose customers to​ high-margin items.

8 0
3 years ago
What is the key difference between target plan bonus and predetermined allocation​ bonus?
Svetllana [295]
<span>What is the key difference between target plan bonus and predetermined allocation​ bonus? Predetermined allocation bonuses are​ fixed; target plan bonuses are not.

Predetermined allocation bonus are a fixed rate and they are based on a total from the bonus pool of a company. The target plan bonus can increase or decrease with performance. 
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6 0
3 years ago
The _ is a financial aid program based on financial need that provides funds for student employment
scZoUnD [109]

Answer

Hi,

The Federal work study fund

Explanation

This is a federally funded program for students that demonstrate financial need who are offered part-time jobs to help them earn money to pay for college or career school fees. The work offered is community service oriented and payments are paid hourly depending on the number of hours a student works.

Best wishes!

7 0
3 years ago
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