Range for marginal cost = $20 to $50
Since at the price of $60 total Marginal revenue on demand curve two = $20
Total Marginal revenue on demand curve on =$50
Hence $60 for the product is optimum for the range of marginal cost from $20 to $ 50.
Since the optimum level of price is where marginal cost is equal to marginal revenue.
The marginal cost of production includes all costs that vary with that level of production. For example, if a company needs to build an entirely new factory to produce more goods, the cost of building the factory is the marginal cost.
Marginal Cost = Change in Total Cost / Change in Quantity. Change in Total Cost = Total Cost of Manufacturing Including Additional Units – Total Cost of Manufacturing Regular Units. Quantity Change = Full Quantity Product with Additional Units - Full Quantity Product in Regular Units.
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Answer:
The question does not include any requirements, so I looked for similar questions:
- Use the least squares method to develop the estimated regression equation.
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For every additional car placed in service, estimate how much annual revenue will change.
1) Y = -14.95 + 12.82X
2) for every 1 thousand cars put into service, revenue should increase by $12.82 million.
See attached PDF for calculations
Answer:
lithium and chlorine
potassium and oxygen
Explanation:
Ionic compound are chemical compound held by electrostatic forces known as ionic bonding. Ionic compound, their is transfer of electron. One atom of element lose electron while the other atom gain electron. The ions involve in bonding are known as cations and anions.
The cations loses electron to become positively charged while the anion receive electron to become negatively charged. An ionic compound possess an anion and a cations. The electronegativity difference between the atom that go into bonding is widely different.
The best option is the bonding between lithium (cations) and chlorine(anions) and potassium(cations) and oxygen(anions).
The bonding is usually between a metal and a non metal.
Li + and Cl- → LiCl
K+ and O2- → K2O
<span>Which pair of accounts follows the rules of debits and credits in relation to increases and decreases in the opposite manner? Salaries Expenses and Unearned Revenue. The Salaries Expense report shows the salaries that employees have been paid during a set period that is listed on the income statement. The Unearned Revenue account shows the amount of money a company has earned in advanced for providing goods or services. Employees can also be paid in advance but then owe the good or service to the company or provider. </span>
Answer:
both I and II
I. P = $80, VC = $180,000, and Q = 2,000
III. P = $11.55, ATC = $15, and AFC = $2
Explanation:
In a perfectly competitive market, businesses will shut down in the short run if the unit price of their products is smaller than the variable cost of producing that product.
I: price is $80 which is less than the variable unit cost $90
II: price $535 which is larger than the variable unit cost $500
III: price $11.55 which is less than the variable unit cost $13 (= $15 - $2)
