Answer:
$4
Explanation:
Perfectly competitive firms are characterised by:
1) Free entry and exit of buyers and sellers.
2) Large number of buyers and sellers.
3) Existence of identical product.
4) Informations are readily available to the customers.
Marginal revenue(MR) refers to a change in revenue as a result of an additional change in output.
At 100 units output, MR=$400
At 101 units output, MR=$404
Change in MR=$404-$400
=$4
Change in output=101 units-100units
=1 unit
Marginal revenue(MR)= change in revenue/Change in output
Marginal revenue (MR)=$4/1 Unit
MR= $4
Monopoly (mp) and perfect competition (pc) are the two completely opposite market structures. the market structures that fall between these two extremes are generally called <u>imperfectly competitive markets</u>.
Imperfect competition is a competitive market state of affairs where there are many dealers, however they may be selling heterogeneous (diverse) items instead of the correct aggressive marketplace state of affairs. as the name indicates, competitive markets are imperfect in nature.
Imperfect opposition regularly exists because of extremely excessive obstacles to entry for new suppliers. As an example, the airline industry has high barriers to entry due to the extraordinarily high cost of aircraft.
Imperfect markets are characterized by means of having competition for marketplace share, excessive boundaries to access and go out, exceptional products and services, and a small wide variety of customers and sellers. best markets are theoretical and can't exist inside the actual international; all real-world markets are imperfect markets.
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Answer: C(x) = 2.08 + 500x
Explanation:
Given the following :
Cost component of picture frame :
Glass = $0.45
Wooden frame = $0.68
Assembly = $0.95
Assembly desk and tools = $500
Using the linear cost function :
C(x) = mx + b
C(x) = total cost
b = fixed cost
mx = variable cost
b = cost of glass + wooden frame + assembly
b = $(0.45 + 0.68 + 0.95) =$2.08
mx = (cost of assembly desk and tools * number produced) = 500x
C(x) = 2.08 + 500x
Cash basis of accounting is the one that recognizes when cash has been paid and received unlike accrual basis.
<h3>What is cash basis of accounting?</h3>
Cash basis of accounting is the one that recognizes when revenue when received unlike accrual basis.
It is important to know that cash basis of accounting ensures the company always knows how much cash flow it has.
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The answer to this question is "product invention". Kho Khao's coffee house is currently involved in product invention when it is the first coffee house that introduced a flavored coffee locally and in the global market. It also sells coffee in several and different flavors such as blueberry, cinnamon, and cranberry. It was based on the flavors preferred in the target country.
