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3 years ago

Suppose that the marginal cost of mining gold is constant at $300 per ounce and the demand schedule is as follows:

Business

1 answer:

RSB [31]3 years ago

5 0

Answer:

a) The price would be $300 and quantity would be 8000 oz

b) The price would be $700 and quantity would be 4000 oz

c) The price would be $700 and quantity would be 2000 oz each

d) The revenues of both firm would : increase ( for the firm that increase production ) and decrease ( for the firm that doesn't increase production)

Explanation:

marginal cost = $300

calculate the value of TR ( total revenue for each price and quantity given )

TR = price * quantity

also calculate the MR ( marginal revenue for each )

MR = $\frac{change in TR }{change in quantity}$

For the first value : TR = $1000000 , MR = nil

For the second value : TR = $1800000 , MR = $800

For the third value : TR = $2400000. MR = $600

For the fourth value : TR = $2800000 , MR = $400

For the fifth value: TR = $3000000 , MR = $200

For the sixth value : TR = $3000000, MR = $0

For the seventh value : TR = $2800000, MR = -$200

For the eighth value : TR = $2400000, MR = -$400

a)The price would be $300 and quantity would be 8000 oz because from the table above that is the point with highest quantity supplied

b) The price would be $700 and quantity would be 4000 oz because the single supplier would put the price and quantity to be supplied at the point where marginal cost is closest to the marginal revenue

d) The revenues of both firm would : increase ( for the firm that increase production ) and decrease ( for the firm that doesn't increase production) this is because increase in production is directly proportional to increase in revenue .

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Answer:

by clearly state why the change is needed and how it will affect employees

Explanation:

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2 years ago

REI has a 100% satisfaction guarantee on its items. It allows customers to return products up to one year after purchase. This i

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Answer: risk

Explanation: 100% satisfaction guarantee is a statement that if a customer of a product (or service) is not satisfied with the item purchased, then the producer will offer a full refund back to the customer. In this case REI allows this option for a period of up to 1 year after the sale was made.

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2 years ago

Logan owns a horse ranch. Logan dislikes horses, but he opened the ranch because he heard it was a lucrative business and he wan

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Answer:

Logan Horse Ranch

The most accurate is:

e. None of the above are correct

Explanation:

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2 years ago

You are considering purchasing stock in Canyon Echo. You feel the company will increase its dividend at 4.2 percent indefinitely

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Answer:

$54.35

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The computation of the price per share of the common stock is shown below:

= Next year dividend ÷ (Required rate of return - growth rate)

where,

Next year dividend is

= $3.23 + $3.23 × 4.2%

= $3.23 + 0.13566

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And, the other items would remain the same

So, the price per share is

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= $3.37 ÷ 6.2%

= $54.35

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2 years ago

Slide Corporation reported net income for the current year of $370,000 and paid cash dividends of $50,000. Power Company holds 4

expeople1 [14]

Answer:

$20,000

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Since Slide Company does not have any controlling interest which is ability to influence the decision making.

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2 years ago