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
STatiana [176]
2 years ago
10

Cost, revenue, and profit are in dollars and x is the number of units. Suppose that the marginal revenue for a product is MR = 1

500 and the marginal cost is MC = 30 x + 4 , with a fixed cost of $900. (a) Find the profit or loss from the production and sale of 5 units.
Business
1 answer:
n200080 [17]2 years ago
3 0

Answer:

Profit 6,130

Explanation:

MC = 30X + 4

when X=5

Cost to produce 5 units:

We will need to calcualte the MC for 1, 2 , 3, 4 and 5 units and then add them together

MC = 30(5) + 4 = 150 + 4 = 154

MC = 30(4) + 4 = 150 + 4 = 124

MC = 30(3) + 4 = 150 + 4 =  94

MC = 30(2) + 4 = 150 + 4 =  64

MC = 30(1) + 4 = 150 + 4 =   34

Total                                   470

Giving this, now anther way, more easy would be to use the Gauss method to a summatory:

S=\frac{n\times(n+1)}{2}

S to 5 from 1 of (30x+4) =

30 \times \frac{5\times6}{2} +4 \times 5

S = 470

Now we can continue:

Total Marginal cost 470 + Fixed Cost: 900 = 1370

MR = 1500 revenue for adding 1 unit

1500 x 5 = 7500 total revenue

total revenue - total cost = profit

7500 - 1370 = 6,130

You might be interested in
When he became the president of Jem Incorporated, John Smith changed the date of the weekly payday from the end of the day on Mo
vladimir2022 [97]

Answer: $1.3 million

Explanation:

Based on the information given in the question, if this change delayed check clearing by 1 week, then the annual savings that were realized will be:

= Weekly payroll × Cost of short term funds

= $10 million × 13%

= $10 million × 0.13

= $1.3 million

Annual savings realized is $1.3 million.

6 0
2 years ago
Question 6 (10 points)
mafiozo [28]
The answer is decreases
3 0
3 years ago
The restaurant's total cost is a mixed cost that depends on customers served. The restaurant's management uses the high-low meth
harina [27]

Answer:

$29,390

Explanation:

For computing the total cost first we have to determine the variable cost per customer and the fixed cost which is shown below:

Variable cost Per Customer is

= (High total cost - low total cost) ÷ (high number of customer served - low cost of customer served)

= ($28,934 - $28,241) ÷ (14,100 - 11,214)

= $0.24

Now

Fixed cost is

= High cost - (high number of customer served × variable cost per customer)

= 28,934 - (14,100 × 0.24)

= $25,550

So, the total cost for 16,000 customers is

= Fixed cost + variable cost

= $25,550 + (16,000 × $0.24)

= $29,390

7 0
3 years ago
Joe sells the house he has lived in for 10 years to the Smith family for $300,000. He receives $50,000 more than his original pu
jasenka [17]

Answer:

$15,000

Explanation:

Joe has sold the house he has been living in for 10 years to the Smiths family

He sold the house at $300,000

Joe receives $50,000 more than the original price bargained 10 years ago

He pays the real estate agent a commission of 5%

= 5/100

= 0.05

Therefore the increase in gross domestic product can be calculated as follows

= $300,000×0.05

= $15,000

Hence, the transaction will increase the gross domestic product by $15,000

5 0
2 years ago
In January 2007, XM enjoyed about 58 percent of satellite radio subscribers, and Sirius had the remaining 42 percent. Both firms
Viktor [21]

Answer:

The correct answer is 3

good luck ❤

Explanation:

8 0
3 years ago
Other questions:
  • A type of partnership called a ___________ acts much like a corporation and is traded on stock exchanges, but it is taxed like a
    8·1 answer
  • In a market economy, what is TRUE of all trade?
    9·1 answer
  • Which of the following is not a problem associated with monetary​ policy? A. Monetary policy may be ineffective if investment an
    14·1 answer
  • Dyl Inc.'s bonds currently sell for $1,040 and have a par value of $1,000. They pay a $65 annual coupon and have a 15-year matur
    14·1 answer
  • o calculate the beta of another company, using regression analysis, you get the value of R² as 0.91. Based on your calculation,
    8·2 answers
  • The following costs were incurred in May: Direct materials Direct labor Manufacturing overhead Selling expenses Administrative e
    14·1 answer
  • What must a dental assistant have in order to take dental X-rays
    7·2 answers
  • What is 5x6x4x i need help i really dont
    12·2 answers
  • Justin, a member, has been in public practice for 25 years. His firm does bookkeeping and financial statements for approximately
    6·1 answer
  • Luxguard Home Paint Company produces exterior latex paint, which it sells in one-gallon containers. The company has two processi
    5·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!