Answer:
The question is incomplete. The complete is given below
OUTPUT PRICE MR TC MC
1 100 100 100 30
2 90 80 63 26
3 80 60 52.67 32
4 70 40 49.5 40
5 60 20 49.6 50
6 50 0 50 52
7 40 -20 52.29 66
8 30 -40 55.75 80
9 20 -60 60.67 100
The total revenue is $280
Explanation:
Profit is maximized at the level of output where marginal revenue (MR) is equal marginal cost (MC).
Marginal revenue is the extra revenue made from selling one additional unit of a product. It is the increase in total revenue as result of selling one more unit. It is given in the third column above.
Marginal cost: It is the increase in total cost as a result of producing extra one unit- it is given in the last column
Profit maximizing-output: The optimal level of output where marginal revenue is equal to marginal cost. It is the ascertained to be 4 under the first column above. At this level MR $40 = MC $40
Profit maximizing price: The selling price at the profit-maximizing output. It is $70 here.
Total revenue that maximized profit= profit-maximizing price × Profit maximizing-output
$70 × 4= $280
Answer:
Explanation:
the file attached shows the full explanation and i hope its explanatory enough
Explanation:
The question is incomplete as there is no above statement here. Here a general interpretation of the question shall be made. Normally human resource mangers have to go throughout thousands of resumes and it is not always possible for them to read line by line. This can negate chances of getting through for an employee. So they can make it a bit attractive by going some extra edge and using attractive lines that are some in style and structure. They should not bombard the resume with precious English words by just represent their academic and extra curricular sides in brief.
P= percent change
The new number is lower than the original, so we need to use a % decrease formula.
P=[(original#-new#) ÷ original #] x 100
P= [(29.77-28.35)/29.77] x 100
P= (1.42/29.77) x 100
P= 0.047747 x 100
P= 4.77% decrease
Hope this helps! :)
Answer:
Mointaintop should charge 84.18 dollars per round of golf to achieve his desired return.
Explanation:
return:
50,000,000 x 12% = 6,000,000
fixed cost: 24,000,000
Variable cost: 16 per golfer
golfers expected 440,000
It should price to pay up the variable cost, fixed cost and achieve the 12% return:
S = 84,18181818181818
It should charge per round 84.18 dollars
