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
GarryVolchara [31]
4 years ago
14

Consider a firm that sells lamps in a perfectly competitive market. As its sales go up from 10 lamps to 11 lamps, its total reve

nue increases from $500 to $550. What is the marginal revenue of this firm
Business
1 answer:
Lorico [155]4 years ago
7 0

Answer:

The marginal revenue is $50

Explanation:

MR = 50

The marginal revenue is the increase in revenue brought about by sale of one extra unit. In this case, that would be $50.

Marginal Revenue

= change in total revenue / change in quantity

= 550−500 / 11−10

= 50/1 = $50

MR=$50

You might be interested in
What is the minimum annual cash flow required to accept the project?
Rashid [163]

Explanation:

The minimum cash flow:

"To accept the project , Present value of future cash flows , must be equal to Initial Investment , so that "net present value" of project is equal to zero".

The company will likely to get increase and will be profitable if the NPV that is "Net present value" is "greater than zero".

NPV rule states that, a company manager or an "investor can invest" the money in a project where the "net present value" is greater than zero. It is not recommended to invest in a project where the "net present value" stands negative.

3 0
3 years ago
Selected information from the accounting records of Ellison Manufacturing Company follows:
Amanda [17]

Answer:

b. 94.9

Explanation:

The computation of the number of days' sales in average inventories is shown below:

Day inventory outstanding = (Beginning inventory + ending inventory) ÷ 2  ÷ cost of goods sold × total number of days in a year

= ($672,000 + $576,000) ÷ 2 ÷ $2,400,000 × 365 days

= ($624,000 ÷ $2,400,000 ) × 365 days

= 94.90 days

Simply we take the average of inventory and divide from the costs of goods sold

All other information which is given is not relevant. Hence, ignored it

7 0
3 years ago
For what purpose are goods and services produced in a socialist economy?
Burka [1]

Answer: To meet all consumer needs

Explanation: In a socialist economy good and services are produces for direct use. Unlike a capitalist economy where goods and services are produced to earn profits. The purpose of producing goods in a socialist economy is to utilise the economy's scarce resources in a way that maximum consumer needs can be satisfied.

Thus, option D- to meet all consumer needs is the correct choice.

5 0
3 years ago
Read 2 more answers
In the Unified Process (UP) methodology, "most of the Requirements activities" occurs during the _____ phases.
qwelly [4]

Answer:

Inception and Elaboration phases

Explanation:

INCEPTION PHASES can be defined as the phase in which the vision of the end-product is been define as well as the associated business case and as well enables the defining the overall scope of a project.

The ELABOTATION PHASE on the other hand can be seen as the phase which help to refine the definition of a product as well help to develop a more precise plan for its development as well as the deployment.

Therefore In the Unified Process (UP) methodology, "most of the Requirements activities" occurs during the INCEPTION AND ELABORATION phases because unified process is a software development process that enables as well uses the UML language to help represent models or type of the software system to be developed.

7 0
4 years ago
1. When has your level of performance been directly affected by your motivation? By your ability? By the environment?
Keith_Richards [23]

Explanation:

In this question, we can relate the three factors environment, skill and motivation as interdependent.

We can relate the performance level of motivation and skill of employees with Maslow's hierarchy of needs theory, which is defined as five fundamental human needs: physiological, security, affection, esteem and self-fulfillment. This theory is represented by a pyramid, where at the base as the most important category is the most basic needs for human beings to live, are the physiological needs. According to Maslow the category that of physiological needs is the most important for individuals, therefore in a company, if the work environment fails to satisfy basic needs for human beings, it is impossible for them to be motivated to work and develop your skills and abilities correctly.

It is necessary that all five fundamental human needs are met at each level, so that the employee develops characteristics that promote motivation and self-realization.

5 0
3 years ago
Other questions:
  • Create a memo. The memo should include all parts of a memo and these parts should appear in the correct order. In your memo, giv
    12·2 answers
  • What was the major financial change between post-World War II borrowers and borrowers after 1970?
    14·1 answer
  • Jennifer applied for the job of a waitress at sam's coffee shop. during the recruitment, the recruiter asked her to make five di
    12·2 answers
  • A firm that sells​ e-books - books in digital form downloadable from the Internet​ - sells all​ e-books relating to​ do-it-yours
    7·1 answer
  • Laney is a resident of Maine. Delacorte is a Canadian. They dispute the ownership of Petite Isle, an island in North Rapids Rive
    15·1 answer
  • Frank spends $75 on 10 magazines and 25 newspapers. The magazines cost $5 each and the newspapers cost $2.50 each. Suppose that
    8·2 answers
  • Retained earnings is:_______.
    7·2 answers
  • Charles delivers flowers. He aerns $5.57 to deliever a flower arrangement. Last week he made $746.38. How many arrangements did
    8·1 answer
  • When a resource, such as space in the factory, has no alternative use, its opportunity cost is ______.
    13·1 answer
  • Consider the following information carefully and do as per the instruction given under the table below.
    13·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!