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
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

You might be interested in
The common stock of the P.U.T.T. Corporation has been trading in a narrow price range for the past month, and you are convinced
mariarad [96]

Answer:

A) according to put call parity:

price of put option = call option - stock price + [future value / (1 + risk free rate)ⁿ]

put = $8.89 - $120 + [$120 / (1 + 8%)¹/⁴] = $8.89 - $120 +$117.71 = $6.60

B) you have to purchase both a put and call option ⇒ straddle

the total cost of the investment = $8.89 + $6.60 = $15.496, this way you can make a profit if the stock price increases higher than $120 + $6.60 = $126.60 or decreases below than $120 - $6.60 = $113.40

3 0
3 years ago
Cold Goose Metal Works Inc. is a small firm, and several of its managers are worried about how soon the firm will be m, able to
nadezda [96]

Answer:

the answer is $3,504,802.

5 0
4 years ago
What types of information does a W-2 form contain? Check all that apply
vovangra [49]

Answer:

Normally "check all that apply" is followed by answers to check...

Explanation:

A W-2 is a Tax statement

8 0
3 years ago
Which is a typical job role/career in business information management?
Crank
D. project manager
Explanation:
All of these are potential options for business information management graduates. However, perhaps the most important one is that of project manager. Project management is closely related to business information management. People in this career are able to understand how to use technology to gather data that can help them desing better projects. They are also skilled at transforming this data ito meaningful information. With this information, they are also able to analyze and propose strategies that benefit their companies and projects.
4 0
3 years ago
The best definition of an accounting system is: The concepts, principles, and standards specifying the information which should
White raven [17]

Answer:

The personnel, procedures, devices, and records used by an entity to develop accounting information and communicate this information to decision makers.

Explanation:

Accounting system is a system used to organise financial information. Accounting system can be manual or electronic

7 0
3 years ago
Other questions:
  • Better Beverages purchased some fixed assets classified as five-year property for MACRS. The assets cost $108,000. The MACRS rat
    8·1 answer
  • Which of the following is not a role of accounting in business?
    11·1 answer
  • Suppose that you enter into a short futures contract to sell July silver for $17.20 per ounce. The size of the contract is 5,000
    12·2 answers
  • What were working conditions like before the labor movement?
    11·1 answer
  • A bank has $200 million in assets in the 0 percent risk-weight category. It has $400 million in assets in the 20 percent risk-we
    5·1 answer
  • Helena says her decision to move to Costa Rica seemed like "kind of a crazy decision." If her happy memories of wonderful times
    13·1 answer
  • When a company acts in an ethically questionable manner, there can be a lot of consequences for both the company and its custome
    8·1 answer
  • An American helicopter manufacturer contracted with a foreign hospital located in a severely war-torn region to sell five helico
    14·1 answer
  • (CRM) system uses customer contact information for targeted _____. a. management b. inventory control c. marketing d. budgeting
    15·1 answer
  • When the marketing research problem is not clearly defined, a researcher will likely engage in ________ research.
    15·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!