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2 years ago

If the monopolist can engage in perfect price discrimination, what is the marginal revenue from selling the 5th shirt

Business

1 answer:

Ray Of Light [21]2 years ago

4 0

Answer:

Hello your question is incomplete, the missing part is attached below

answer : $120

Explanation:

In a perfect price discrimination situation the price( revenue ) attached to the quantity of goods is = the marginal revenue gotten

From the attached table

The price for the quantity demanded ( 5 ) = marginal revenue

i.e. Marginal revenue from selling the 5th shirt = $120

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8 months ago

Production Volume4,000 Units5,000 UnitsDirect Materials$85.80 per unit$85.80 per unitDirect Labor$56.10 per unit$56.10 per unitM

guapka [62]

Answer:

4300 units would cost $ 898461 or $ 208.9 ≅ $ 209 per unit

Explanation:

Production Volume 4,000 Units 5,000 Units

Direct Materials $85.80 per unit $85.80 per unit

Direct Labor $56.10 per unit $56.10 per unit

Manufacturing overhead $73.60 per unit $62.10 per unit

Total Manufacturing Costs $ 215.5 per unit $ 203.7 per unit

The best estimate of the total cost to manufacture 4,300

4000 units at $ 215.5 = $ 862,000

5000 units at $ 203.7= $1018500

9000 units would Cost = $ 862,000+$1018500= $ 1880500

We have taken the total of the two costs and then divided with the number of 9000 units to get an average price as the fixed costs are decreasing as the number of units increase from 4000 to 5000.

4300 units would cost = $ 1880500/ 9000 * 4300= $ 898461 or $ 208.9 ≅

$ 209 per unit

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2 years ago

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2 years ago

Initially, suppose Bellissima uses 1 million hours of labor per week to produce corn and 3 million hours per week to produce jea

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Answer:

Bellisima's opportunity cost to produce 1 bushel of corn = 2 pairs of jeans

Explanation:

Bellisima uses 1 million hours of labor to produce corn and 3 million hours of labor to produce jeans. Produces 8 million bushels of corn and 48 million pairs of jeans.

Production of corn per million hours of labor = 8 / 1 = 8 bushels of corn
Production of jeans per million hours of labor = 48 / 3 = 16 pairs of jeans

Felicidad uses 3 million hours of labor to produce corn and 1 million hours of labor to produce jeans. Produces 15 million bushels of corn and 20 million pairs of jeans.

Production of corn per million hours of labor = 15 / 3 = 5 bushels of corn
Production of jeans per million hours of labor = 20 / 1 = 20 pairs of jeans

The opportunity cost refers to the extra costs or benefits lost form choosing one activity or investment over another alternative.

Bellisima's opportunity cost to produce 1 bushel of corn = 16 pairs of jeans / 8 bushels of corn = 2 pairs of jean per bushel of corn.
Bellisima's opportunity cost to produce 1 pair of jeans = 8 bushels of corn / 16 pairs of jeans = 0.5 bushels of corn per pair of jean.

Felicidad's opportunity cost to produce 1 bushel of corn = 20 pairs of jeans / 5 bushels of corn = 4 pairs of jean per bushel of corn.
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