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Dmitry_Shevchenko [17]
3 years ago
13

Mark and Heather Starr are celebrating their 25 th anniversary by having a reception at a local reception hall. They have budget

ed $ 4,000 for their reception. If the reception hall charges a $ 50 cleanup fee plus $ 30 per​ person, find the greatest number of people that they may invite and still stay within their budget.
Business
1 answer:
dolphi86 [110]3 years ago
4 0

Answer:

Greatest number of people  they may invite within their budgeted x=131

Explanation:

Given,

Budget=\$ 4000

Clean up charges=\$ 50

Per person charges=\$ 30

Solution

Let the number of people they may invite is x

\$ 30\times x+\$ 50=\$ 4000

\$ 30\times x=\$ 4000-\$ 50

30\times x=3950

x=3950/30

x=131.666

Maximum number of people they may invite within their budgeted  x=131

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irga5000 [103]

Answer: Option (d) is correct.

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Correct Option: Marginal revenue equals marginal cost.

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The output level that is produced by the profit maximizing monopoly firm is at a point where marginal revenue is equal to the marginal cost. It is the same profit maximizing condition that a competitive firm also utilize to find their equilibrium level of output.

3 0
3 years ago
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Shtirlitz [24]

Answer:

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8 0
4 years ago
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3 0
3 years ago
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Tanzania [10]

An increase in the price of a product will reduce the quantity demanded for that product because quantity demanded to increase. The process of figuring out a product's quantitative value based on both internal and external elements is called product pricing. Product pricing directly affects your company's entire success, including cash flow, profit margins, and client demand.

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To learn more product, click here.

brainly.com/question/22852400

#SPJ4

4 0
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Romashka-Z-Leto [24]

Answer:

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3 0
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