The profit-maximizing choice for a perfectly competitive firm will occur at the level of output where marginal revenue is equal to marginal cost—that is, where MR = MC. This occurs at Q = 80 in the figure.
Marginal revenue is the increase in revenue that results from the sale of one additional unit of output.
While marginal revenue can remain constant over a certain level of output, it follows from the law of diminishing returns and will eventually slow down as the output level increases.
<h3>How do u calculate marginal revenue?</h3>
To calculate marginal revenue, you take the total change in revenue and then divide that by the change in the number of units sold.
The marginal revenue formula is: marginal revenue = change in total revenue/change in output.
Learn more about marginal revenue here:
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brainly.com/question/13444663</h3><h3 /><h3>#SPJ4</h3>
Answer:
Japan $760
The United States $1,600
France $6,320
Explanation:
Total personal revenue is the disposable income less personal taxes. Employee earnings minus employee actual taxes in terms of national reports reflect net established income.
The household saving rate is specified as total saving divided by disposable income.
Household saving = Disposable income * Households saving rate
Japan:
$40,000*1.9% = $760
United States
:
$40,000*4% = $1,600
France
:
$40,000*15.8% = $6,320
Answer:
Standard cost = $5.57
Explanation:
As per the data given in the question,
Standard cost = Standard usage * standard price
Ingredient Amount/gallon st. waste St. usage St. price St. cost
Lime 24.0 Oz 4% .96X=24.0 Oz=25 Oz 0.15 $3.75 kool-drink
Sugar .72 lb 10% .90X=.72 lb = 0.8 lb $0.65 $0.52
Protein tablets 2 0% 2 $0.40 $0.80
Water 50 Oz 0% 50 Oz $0.01 $0.50
Total $5.57
Total standard cost = $3.75 + $0.52 + $0.80 + $0.50
= $5.57
Answer:
$5,000
Explanation:
Data given in the question is
Withdrawn amount = $100,000
Interest rate = 5%
Accounting profit = $10,000
So, by considering the above information, the economic profit is
= Accounting profit - Withdrawn amount × interest rate
= $10,000 - $100,000 × 5%
= $10,000 - $5,000
= $5,000
The Withdrawn amount × interest rate reflect the opportunity cost
Answer:
The price of Android tablets will increase.
The demand for Android tablets will increase.
Explanation:
iPads and android Tablets are direct competition for one another.
So, when the average prices of an ipad goes up , some percentage of the <u><em>consumers will seek alternatives for similar product.</em></u> This is why the demand for android tablets will increase.
But, there is one more point to consider.
Online retailer tend to sell different brands of a similar product to its consumers. It is very likely that big retailers will sell both apple and andorid products in their store.
<u><em>if the price of Ipad goes up because of the change in the retailer's sale policies, that change will definitely affect the price of the android as well</em></u>
Because of this, The price of Android tablets will also increase. Even though the increase may not be as high as Ipad since they have lower baseline price/