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]
2 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]2 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
A firm is evaluating a project with an initial investment at time 0 of $640,000. The present value of the levered cash flows is
monitta

Answer:

Using the flow-equity method of valuation the borrowed is $67600,option B.

Explanation:

In order to determine the amount borrowed in executing the project, we make use of the below formula which shows that we are working  backwards.

Amount borrowed=present value of cash inflows-levered cash flows

present value of cash inflows=net present value+initial investment

present value of cash inflows=$157000+$640000

present value of cash inflows=$797000

levered cash flows=$729400

Amount borrowed=$797000-$729400

amount borrowed =$67600

8 0
3 years ago
Lynwood, Inc. produces two different products (Product A and Product X) using two different activities: Machining, which uses ma
Murljashka [212]

Answer:

$434,000

Explanation:

Total machining cost = Number of machine hour * Rate per machine hour

= 3,100 * $140

= $434,000

Hence, The total machining cost allocated to product X is $434,000.​

5 0
3 years ago
If your friend Raheem asks you, “What type of account should I use to save for retirement,” what would you tell him?
SSSSS [86.1K]

Answer:

Roth IRA account

Explanation:

The best type of account that you should save money in for Retirement is a Roth IRA account. This will allow you to put and save a maximum of $5,500 USD per year which will compound annually with interest and can be redeemed when you retire. Once you redeem your money at the age of 65 1/2 it will be completely tax-free. Meaning you have no liabilities with that money whatsoever and you can simply enjoy your retirement with that money.

7 0
3 years ago
Ions:
kicyunya [14]

Answer: The answers are provided below.

Question:

Here is the complete question:

Marian, a top graduate from Loyola in Humanities, was hired by a major corporation into a management position. Marian finished the corporation's management training program top in her group, and is performing above the norm in her position. She is really enjoying her work.

As a woman she feels isolated, as there are no other women managers and few women in her area. One night at a company party she heard a conversation between two of her male co-workers and their supervisor. They were complaining to him about Marian's lack of qualifications and her unpleasant personality. They cursed affirmative action regulations for making the hiring of Marian necessary.

Marian is very upset and wants to quit.

Questions:

a. Should Marian quit?

b.Are her co-workers correct in their evaluation?

c. Should Marian confront the co-workers?

d. Should Marian file a discrimination suit?

e. Should Marian go to the supervisor?

f. What else could Marian do?

Explanation:

a. No, Marian does not have to quit her job but should rather face the situation. She came top in her group during the management training and she deserves to stay in her position and continue to perform well. She is doing well at her role and the opinion of others does not matter.

b. No, Marian co-workers are not correct with regards to their evaluation. She has sufficient and good qualifications which was the reason she got the job and she is also performing well. Also, Marian does not have an unpleasant personality but rather feels isolated because she is the only woman. Her colleagues should help her out in order to deal with the situation.

c. Yes, Marian should go and confront her co-workers. The co-workers have a wrong image of Marain in their minds and she should speak to them and clear the issues. This will help her to be more social with her male colleagues are also build a better working relationship.

d. No, Marian should not file a discrimination suit. The comments made by her co-workers were not discriminatory but rather she was misunderstood at work due to her reserved personality. She should relate better with her colleagues, be social and also build a bond with her colleagues.

e. Marian should go to her supervisor only when she was not successful when she confronted her colleague. She should confront her co-workers first and if that doesn't work, she can then go to her supervisor.

f. Marian should become social and be more friendly with her colleagues. She should talk and relate with her male colleagues. She can discuss work related issues with them and sometimes offer a helping hand. This would help build a bond.

8 0
3 years ago
________ is the extent to which a firm's internal activities encompass one, some, many, or all activities that make up an indust
Alecsey [184]

Answer:

BE Scoping strategy CC Horizontal scope D.A)Horizontal installation.

6 0
3 years ago
Other questions:
  • Warehouse W’s revenue from the sale of sofas was what percent greater this year than it was last year? (1) Warehouse W sold 10 p
    6·1 answer
  • Susan suarez would like to work forty hours per week, but can only find twenty hours per week of work. in the official employmen
    15·1 answer
  • The ABC Corporation decreases all of its inputs by 12 percent and finds that its output falls by only 8 percent. This means that
    9·1 answer
  • Suppose that each country completely specializes in the production of the good in which it has a comparative advantage, producin
    15·1 answer
  • EXPLAIN THESE CHARACTERISTICS OF AN ENTREPRENEUR
    10·1 answer
  • Assume you just deposited $1,000 into a bank account. The current real interest rate is 2%, and inflation is expected to be 6% o
    5·1 answer
  • Government G levies an income tax with the following rate structure: Percentage Rate Bracket 6 % Income from –0– to $30,000 10 I
    10·1 answer
  • Metz Industries stock is twice as risky as the market on average. Given an expected return on the market of A. ​7.35% B. ​16.50%
    9·1 answer
  • Sheen Awnings reported net income of $90 million. Included in that number were depreciation expense of $3 million and a loss on
    15·1 answer
  • Producing or associated with the generation of pus is:_________
    11·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!