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olga2289 [7]
2 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]2 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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Consider a European put option with strike price $30 and time to expiration 1 month. Assume the underlying stock price does not
dexar [7]

Answer:

$7.90

Explanation:

Calculation for lower bound on the current value of the European put option

Using this formula

Lower bound current value for European put option = Ke^–rt –So

Where,

Rf represent risk free rate 4%

K represent (Strike price) = $30

(t) represent Time = 1 month = 1/12 year

(So) represent Stock price = $22

Let plug in the formula

Lower bound current value for European put option = [30e^–0.04 x (1/12) ] – 22

Lower bound current value for European put option = $29.90 – $22

Lower bound current value for European put option = $7.90

Therefore the lower bound on the current value of the European put option will be $7.90

6 0
2 years ago
Investors, when calculating the present value of a bond's future cash flows (i.e, when valuing a bond), technically use which on
Masteriza [31]

Answer:

b. yield to maturity

Explanation:

The future cash flows of the bonds are discounted to the present value using the yield to maturity or market related rate of the bond. The required return of the bond represents the coupon payments that the bond is offering.

5 0
3 years ago
The original scope of a project has cost assumptions to ensure project success. Provide a specific example from your experience
Genrish500 [490]

Answer:

No, If i were the sponser I'd not approve to change the scope.

Refer below for brief explanation.

Explanation:

Very few projects are completed on a scope that is decided at the first time.

When i was working in Software house and was in the team of web development, I was responsible for the front end development. Unfortunately my client was the person whose scope changes every month and the result that lapse the time, requirements change, cost changes.

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Tomtit [17]

Answer:

The correct answer is "corporate strategy"

Explanation:

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Corporate Strategy takes a group of people to take strategic decisions making by looking across all of a firm’s businesses to determine how to create the most value to achieve company objectives while achieving a competitive advantage.

4 0
3 years ago
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Nataly [62]

D.IF Function (APEX VERIFIED)

6 0
3 years ago
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