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olga2289 [7]
3 years ago
5

If a local diner can sell 50 burgers per day at a price of $5 each, but must reduce the menu price to $4.95 to sell one more bur

ger, what is the marginal revenue of the 51st burger?
Business
1 answer:
wolverine [178]3 years ago
4 0

Answer:

$2.45

Explanation:

The formula to compute the marginal revenue is shown below:

Marginal revenue = Change in total revenue ÷ Change in number of quantity sold

where,

Change in total revenue would be

50 burgers × $5 = $250

51 burgers × $4.95 = $252.45

So, the change in total revenue is

= $252.45 - $250

= $2.45

And, the change in number of quantity sold is

= 51 burgers - 50 burgers

= 1

So, the marginal revenue is

= $2.45 ÷ 1

= $2.45

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Using this table, calculate the marginal cost of each of
alexandr402 [8]

Answer:

See below

Explanation:

Marginal cost is the additional expenses incurred in producing one more unit of output. Marginal cost is the expenses associated with the production of one extra unit.

In this case, there will be marginal costs in producing the first item. There is no extra unit in the first unit. Marginal costs will be zero. The second item's marginal cost will be the difference between the cost of the second and the first item.

First bike

=0

The fourth bike:

=Forth bike - third bike

=$130 -$110

= $20

The sixth bike

=sixth - fifth

=$210 -$160

=$50

The seventh bike

=seventh - sixth

=$270 -$210

=$60

5 0
3 years ago
Once every __________, the census bureau does a comprehensive survey of housing and residential finance. month 5 years 10 years
amm1812
Hello,

Once every 10 years, the Census Bureau does a comprehensive survey of housing and residential finance.

Hope this helps! :)
7 0
3 years ago
In the forbes article, kotlikoff explains that saving and investing decisions should be guided by?
vladimir2022 [97]

In the forbes article, kotlikoff explains that saving and investing decisions should be guided by strategies that maximize expected utility.

Saving can mean a variety of things to various people. Some believe that it requires making a bank deposit. Investing in stocks or making contributions to a retirement plan are some more definitions. Conversely, according to economists, saving is the act of using less of a specific amount of resources today in order to consume more later. So, the choice to delay consumption and put that delayed consumption in an asset is what is meant by saving.

Saving is either deferred consumption or revenue that is not spent. Putting money aside in various accounts, such as a savings account, a pension account, an investment fund, or in cash, counts as a saving strategy. In order to save, expenses like recurrent charges must be reduced.

Learn more about saving here

brainly.com/question/14584624

#SPJ4

5 0
2 years ago
A stock paying $5 in annual dividends currently sells for $80 and has an expected return of 14%. What might investors expect to
Drupady [299]

Answer:

$86.20

Explanation:

Total return from stock = Current price * expected return

Total return from stock = 80*14%

Total return from stock = $11.20

Dividend already realized = $5

Capital gain = $11.20 - $5

Capital gain = $6.20

End of one year price = Beginning price + capital gain

End of one year price = $80 + $6.20

End of one year price = $86.20

Therefore, at the end of one year price is $86.20

5 0
3 years ago
Citrus Inc., a leading Internet service provider, provides its top managers with a bonus every year. However, this year the comp
barxatty [35]

Answer:

Extinction

Explanation:

Contingency of extinction occurs when previously reinforced behaviours are removed or changed as a result of changes in the environment. In this scenario, the behaviours that was changed in the current year was the payments of bonuses to top managers. The changes in the environment was the poor performance and average stock price dropping. It resulted in the top managers not receiving their annual bonuses this time.

4 0
3 years ago
Read 2 more answers
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