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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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Suppose a basket of goods and services has been selected to calculate the consumer price index. In 2005, the basket of goods cos
scZoUnD [109]

Answer:

Correct option is C.

If the CPI is 156.25 in 2007, then 2005 is the base year.

Explanation:

The CPI js given by the formula:

Current year prices/base year prices x 100

Given the values in years 2005,2006 and 2007, of all the given options, option (c) if the CPI is 156.25 in 2007, then 2005 is the base year is corrrect. This is because calculating CPI for 2007 using the above formula and 2005 as base year gives us CPI as 156.25.

5 0
3 years ago
A company sold PP&E for $200 cash. Prior to the sale, the net book value of the PP&E on the financial statements was $24
madam [21]

Answer:

The operating cash flow in this transaction is zero

Explanation:

Please see attachment.

6 0
4 years ago
As a company prepares to look for talent in a particular position or group, it can evaluate the tasks needed, complete a talent
Furkat [3]

Answer:

Job analysis

Explanation:

Job analysis is a process in which a firm identifies duties, responsibilities, skills, know-how and ability needed for a particular job.

Job analysis is done when a particular job position is about to the filled. By doing job analysis, firms can ensure that only people with attributes that match the job analysis apply for the job position that is to be filled.

Conditions such as level of experience, skills, ability, technical know-how among other things are verified for the job position.

Cheers.

6 0
3 years ago
Recently, some executives for highway construction companies agreed to stop competing with each other on price and to meet every
Likurg_2 [28]
I got to think about this again. Come back later! X-322.22
4 0
3 years ago
Chavin Company had the following results during August: net operating income, $350,000; turnover, 2; and return on investment (R
mixas84 [53]

Answer:

$1,458,333.33

Explanation:

Chavin company has a net operating income of $350,000

The turnover is 2

The return on investment is 24%

= 24/100

= 0.24

Therefore, the average operating assets can be calculated as follows

ROI= Net operating income/Average assets

0.24= $350,000/average assets

Average assets= $350,000/0.24

= $1,458,333.33

Hence the Chavin's company average operating assets were $1,458,333.33

8 0
3 years ago
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