The marginal revenue of the 11th bicycle is $150.
Calculation of Marginal revenue:
Change in Total Revenue = Total Revenue – Revenue figure before the additional unit was sold
Marginal revenue = (11*700) - (10*701)= $150.
<h3>What is
Marginal revenue ?</h3>
Marginal revenue is the rise in income that occurs from the sale of one extra unit of product. While marginal revenue can continue constantly over a particular level of output, it follows the law of diminishing returns and will ultimately decrease as the output level increases. Ideally, ambitious firms proceed to produce output until marginal revenue approaches marginal cost.
The formula for calculating marginal revenue is:
Marginal Revenue= Change in Revenue/ Change in Quantity
Marginal Revenue = (Current Revenue - Initial Revenue) / (Current Product Quantity - Initial Product Quantity)
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Answer: Yes it is.
Explanation:
The National Labour Relations Act of 1935 was passed to cater for both employees and employers. It gave both parties rights and advocates for Collective bargaining. Perhaps most key about this act is it's protection of the rights of employees to join unions and be able to engage in Union activities to improve their working condition.
Under this Act, it is illegal to terminate, suspend or take any other adverse action against an employee for their union actions.
It is under this last paragraph that this question falls.
If Wal-Mart had acted in anyway adverse towards employees based on the Unresolved People Index (UPI) alone, then their actions would have been illegal. They did not, so they are operating in legal territory.
Answer:
B. Loss on sale is $12,500
Explanation:
The equipment purchase on 1st January 2018. The equipment is sold of 1st July 2020. The duration for accumulated depreciation is 2.5 years. Using straight line method the depreciation will be:
[ 1,600,000 - 130,000 ] / 8 years * 2.5 years = 612,500
The book value for the equipment is 1,600,000 - 612,500 = 987,500
The equipment is sold for 1,000,000
There is gain on disposal of 12,500.
Answer:
For USA
Opportunity cost of 1 ton of steel = 250 / 25 = 10 automobiles
opportunity cost of 1 auto mobile = 25 / 250 = 0.1 ton of steel
For Japan
Opportunity cost of 1 ton of steel = 275 / 30 = 9.17 automobiles
opportunity cost of 1 auto mobile = 30 / 275 = 0.109 ton of steel
Japan will produce steel and US will produce automobile
option D is correct answer
Explanation:
