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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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Ariana withdrew $400,000 out of her personal savings account and used it to start her new Internet cafe. The savings account pay
Vikki [24]

Answer:

The Ariana's accounting profit for the year was $6,000

Explanation:  

Accounting Profit : The accounting profit is that profit which records the difference of total revenues and total direct cost.

Where,

Total revenues includes sales revenues

And total cost includes monetary cost, etc.

So,

Accounting profit = Total revenues - Total cost

where

Total revenues = 2,000 × $2.5 + 4,000 ×$2.5 = $15,000

Monetary cost = $9,000

So,

Accounting profit = $15000 - $9000 = $6,000

Hence, the Ariana's accounting profit for the year was $6,000

7 0
3 years ago
How to write a table of content ​
zvonat [6]

The table of contents should include all of the front matter, primary material, and back matter, as well as the chapter titles, page numbers, and bibliography. A decent table of contents should be simple to read, correctly formatted, and finalized to ensure complete accuracy.

a matrix or grid of information with columns and rows. a table including a number of mathematical calculations.

After the title page, begin a new page.

List the document's headings in alphabetical order.

Include subheadings if necessary.

Give each heading a page number.

Place the information in a table.

the Table of Contents' title.

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3 0
1 year ago
How do economists and bankers determine how much the money supply will increase with each deposit?
nordsb [41]
They do it by calculating the interest payments I believe. Hope this helped.
5 0
3 years ago
digby's product manager is considering lowering the price of the don product by $2.50 and wants to know what the impact will be
Zarrin [17]

Rigby's product manager is considering lowering the price of the don product by $2.50 and wants to know what the impact will be on the product’s contribution margin. Assuming no inventory carry costs, Don's contribution margin, if the price is lowered, will be 4.00%

“Contribution margin suggests you the mixture quantity of sales to be had after variable expenses to cowl fixed prices and provide earnings to the organization,” Knight says. you would possibly think about this as the part of income that allows offsetting fixed costs.

Contribution Margin = Net Revenue - Variable Expenses

Material Cost = 604 * 14.36 = 8673.44

Labor Cost = 604 * 7.09 = 4282.36

Current price = $35

Price is lowered by $2.5 ,then new price will be = $35 - $2.5 = $32.50

Therrefore, New Sales = 604 * 32.5 = $19630

Variable expenses = 8673.44 + 4282.36 = 12955.8

Contribution margin = 19630 - 12955.8 = 6674.2

Contrinution margin ratio = contribution margin / net sales

New Contribution margin = 6674.2/19630 = 34.00%

The contribution margin is beneficial for figuring out how income, variable costs, and fixed expenses all affect operating profit. It offers enterprise owners a manner of assessing how numerous income degrees will affect profitability.

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6 0
11 months ago
ark each of the items in the following list with letters to indicate whether it would be listed as an Asset, Liability or Equity
elixir [45]

Answer: These could be categorized as follows :-

Explanation:

a. Accounts receivable = Asset in balance sheet

b. Sales  = Revenue in income statement

c. Equipment = Asset in balance sheet

d. Supplies expense =  Expense in income statement

e. Cash = Asset in balance sheet

f. Accounts payable = Liability in balance sheet

g. Retained Earnings =  Equity in balance sheet

h.  Revenue = Revenue in income statement

i. Contributed Capital =  Equity in balance sheet

j. .Cost of Goods Sold = Expense in income statement

k. Notes Payable =  Liability in balance sheet

l. Selling and Administrative Expenses = Expense in income statement

3 0
2 years ago
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