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Pachacha [2.7K]
3 years ago
13

Consider a firm that operates in a perfectly competitive market. Currently the firm is producing 50 units of output and at that

output level, marginal revenue is $6. Suppose that the firm increases output by 50%. Total revenue will be:____________
Business
1 answer:
Norma-Jean [14]3 years ago
6 0

Answer:

$450

Explanation:

Data given in the question

Number of the units produced is 50 units

Marginal revenue is $6

Now the output increase by 50%

So, the total revenue is

= Number of units produced × marginal revenue + increased output percentage × (Number of units produced × marginal revenue)

= 50 units × $6 + 50% of $300

= $300 + $150

= $450

We simply compute by applying the above information

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Elizabeth is a chef and the kitchen manager in an upscale restaurant. she is very knowledgeable in both the culinary and restaur
allsm [11]

Because she possesses these technical skills, Elizabeth can be considered a <u>"knowledge"</u> worker.


A knowledge worker is any individual who works professionally at the errands of creating or utilizing knowledge. For instance, a knowledge laborer may be somebody who works at any of the assignments of arranging, obtaining, looking, breaking down, sorting out, putting away, programming, dispersing, advertising, or generally adding to the change and business of data and those (frequently similar individuals) who work at utilizing the information so created.  

Knowledge work can be separated from different types of work by its accentuation on "non-schedule" critical thinking that requires a mix of concurrent and unique thinking. Yet in spite of the measure of research and writing on information work, there is no brief meaning of the term.

7 0
3 years ago
The price of TSC stock will be either $42 or $46 at the end of the year. Currently, T-bills yield 4.1 percent and TSC sells for
const2013 [10]

Answer:

b. $.66

Explanation:

The computation of the per share value for the one year is

Given that

Current Price = $43

Possible Prices = $42 and $46

Now

u = [($46 - $43) ÷ $43] + 1

= 1.06977

And

d = 1 - [($42 - $43) ÷ $43]

= 0.9767

And,

Risk-Free Rate = T-Bill Rate = Rf = 4.1 %

Now the up move price probability is

= [(1 + Rf) - d] ÷ [u - d]

= [(1.041) - 0.9767] ÷ [1.06977 - 0.9767]

= 0.69088

And,  

Exercise Price = $ 45

Now

If the Price is $42, so Payoff = $0

And

if the Price is $46, so Payoff =is

= ($46 - $45)

= $1

Finally the call price is

= [0.69088 × 1 + (1 - 0.69088) × 0] ÷ 1.041

= $0.66367

= $0.66

6 0
2 years ago
Joseph wants to take out a large loan. He has always paid his bills on time and has a fantastic credit score. He has been with h
oksano4ka [1.4K]

Joseph is probably denied credit due to his bad character, which is an essential element of the Three C's of Credit.

<h3>What are the Three C's of Credit?</h3>

To determine the credibility of a person for grant of a loan or an advance, a lender takes into consideration the Three C's of credit, which are as follows,

  1. Character
  2. Capacity
  3. Capital or Collateral.

Collaterals or Capital help in determination of security of lender from borrower, in case when the borrower is unable to repay the credit. Capacity determines the ability to repay the credit.

Character, on the other hand, helps in determination whether the customer or the borrower's behavior, and the qualities of his or her character in the society.

Hence, the three C's of credit are explained above.

Learn more about the Three C's of Credit here:

brainly.com/question/8743350

#SPJ1

7 0
1 year ago
If Abrams Company has an inventory turnover of 7.3 and a receivables turnover of 9.6, approximately how long is its operating cy
Leviafan [203]

Answer:

It is 16.9

Explanation:

Operating cycle = Inventory turnover + Receivable turn over - payable turnover

Hence, Operating cycle = 7.3+9.6

=16.9

Operating cycle implies how long it takes us to convert entire production process to cash .

It has an direct relationship with the level of working capital required. The higher the operating cycle, the higher the working capital investment required to keep the operation running.

A cash driven businesses like restaurant which hardly sell on credit will certainly have shorter operating cycle compared to a manufacturing company.

6 0
3 years ago
Noah is in the process of getting organized. Which of the following actions should he take during this time? Check all that appl
Alekssandra [29.7K]

Answer:

B. Noah should put all of his important projects into a calendar that he looks at every day.

D. Noah should write down a list of all of the actions he needs to take so that he will have a reminder of what he needs to do when he needs to do it.

Explanation:

Getting organized means that one is putting things into a coherent order to enable them to be able to achieve the things they want to achieve more efficiently. An organized person is able to note the plans that they have, how they want to achieve such plans and the resources they will need to do so as well.

As Noah is getting organized, he should come up with a list of actions he will need to take to achieve his goals and write them down so that he is constantly reminded of them and it does not slip his mind.

A way to remember such actions is to put them into a calendar that he will look at every day. This will remind him that he has things to do and put the pressure on him to do so.

4 0
3 years ago
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