1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Nimfa-mama [501]
3 years ago
6

At which quantity does this firm produce the greatest marginal revenue? Quantity (Q) Total Revenue (TR) Marginal Revenue (MR) To

tal Cost (TC) Marginal Cost (MC) 1 1,200 ? 500 500 2 2,200 ? 775 275 3 3,400 ? 1,000 225 4 4,900 ? 1,250 250 5 5,500 ? 1,650 400 6 6,000 ? 2,500 850 7 6,500 ? 4,000 1,500 8 6,200 ? 6,400 2,400
Business
1 answer:
allsm [11]3 years ago
8 0

Answer:

Producing 4 units yields the highest marginal revenue at 1500.

Explanation:

To calculate marginal revenue we look at the change in revenue figure compared to the change in units. In other words dividing the change in total revenue by the change in total output quantity.

Based on the information given these are the changes in marginal revenue per quantity.

1. 1200

2. 2200 - 1200 = 1000

3. 3400 - 2200 = 1200

4.  4900 - 3400 = 1500

5. 5500 - 4900  = 600

6. 6000 - 5500 = 500

7. 6500 - 6000 = 500

8. 6200 - 6500 = (300)

Thus based on the comparisons of the different quantities optimal marginal revenue is reached at 4 units of production. 1500 total marginal revenue

You might be interested in
Polaski Company manufactures and sells a single product called a Ret. Operating at capacity, the company can produce and sell 34
Tpy6a [65]

Answer:

$69020

Explanation:

Selling price -$54

Incremental selling price =54*(1-0.16)=45.36

Incremental sales - 45.36*7000= 317520

Contribution -

Direct materials = 24*7000 =     (168000)

Direct labor = 6*7000 =              (42000)

Variable manufacturing =           (21000)     (3*7000)

Variable selling price =                (3500)        2*(1-0.75)

Total contribution =                      83020

Additional cost of machine       (14,000)

Incremental profit                        69,020          

5 0
3 years ago
Folsom Fashions sells a line of women's dresses. The company uses flexible budgets to analyze its performances. The firm's perfo
Svetlanka [38]

Answer is below in attachment

Download docx
8 0
3 years ago
A title for goods obtained by a seller through fraud, impersonation, or a dishonored check is referred to as a(n. ________.
Aliun [14]

Answer:

voidable title

Explanation:

A voidable title is considered good and valid title until voided.  

For example, I purchase a PS4 from my nephew who is a minor and I sell it to my neighbor, and my neighbor purchased it on good faith. My nephew can decide to void the contract because he was a minor, but since I passed good title to my neighbor while the contract was valid, my neighbor doesn't have to return the PS4.

The difference with a void title is that a void title was never good and valid.

On the other hand, if I had stolen the PS4, I would never have good title over it, and I sell it to my neighbor. The rightful owner of the PS4 can claim it back and my neighbor must return it because the contract was void since I never had good title on the PS4.

3 0
3 years ago
When applying the characteristics of business buyer behavior, which event is not an example?
Anarel [89]

I'm on the same question right now. I wanna say C, <em>Black & Decker sells its power tools directly to consumers on the Internet.</em>

The question asks about business buyer behavior which is pretty much businesses buying and selling to eachother. Lowe's is involved with Whirlpool brand items, Kroger is involved with purchasing items from other businesses/suppliers, and Kellogg is selling their product to other grocery stores (businesses).

Black & Decker isn't involved with any other businesses.

Anyways, I'd say C :)

EDIT: it is C, 100%. Just finished

5 0
3 years ago
Read 2 more answers
Based on the constant demand assumption in the economic order quantity (EOQ) model, the average cycle inventory is:____________
leva [86]

Answer:

C) half of the order quantity

Explanation:

The constant demand assumption in the economic order quantity (EOQ) model permits that there should be a minimum number of goods any company should purchase in order to help minimize different types of costs accrued through this system.

Based on the constant demand assumption in the economic order quantity (EOQ) model, the average cycle inventory is half of the order quantity.

3 0
3 years ago
Other questions:
  • An employee at a company is suffering from severe back injury, which is a covered disability. The employee comes to know of a va
    7·1 answer
  • When you catch a fast-moving baseball with your bare hand, a good idea is to catch it so that your hand stops it?
    8·1 answer
  • Manny wants to be involved in a business but is not sure which type of business to join or create. He has capital to invest. He
    9·1 answer
  • "Dubas Co. is a U.S.-based MNC that has a subsidiary in Germany and another subsidiary in Austria. Both subsidiaries frequently
    5·1 answer
  • A manufacturer of lawn care equipment has introduced a new product. The anticipated demand is normally distributed with a mean o
    6·1 answer
  • Contracts drafted under a common law framework tend to be
    15·1 answer
  • The Perez Lumber Company sells boards in a perfectly competitive market. The current marginal cost of boards at the current outp
    7·1 answer
  • Wallen Corporation is considering eliminating a department that has an annual contribution margin of $80,000 and $160,000 in ann
    12·1 answer
  • If total assets decreased by $49,928 during a period of time and stockholders' equity increased by $26,024 during the same perio
    11·1 answer
  • Exercise 23-10 Keep or replace LO P5Xinhong Company is considering replacing one of its manufacturing machines. The machine has
    7·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!