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Afina-wow [57]
3 years ago
13

If a monopolist is able to increase the amount of product she sells from 400 to 420 units by lowering the price of that product

from $50 to $45, her marginal revenue is: multiple choice $-55.
Business
1 answer:
elixir [45]3 years ago
4 0

Answer:

-$55

Explanation:

The computation of the marginal revenue is shown below:

As we know that

Total revenue = Price × Quantity

For 400 units, the total revenue is

= 400 × $50

= $20,000

And for 420, the total revenue is

= 420 × $45

= $18,900

Now the marginal revenue is

= ($18,900 - $20,000) ÷ (420 units - 400 units)

= -$55

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A dollar available today is always worth more than a dollar not available until a future period.
Lostsunrise [7]

Answer:

The statement is: True.

Explanation:

The Time Value of Money is a concept that states a dollar today is always worth more than a dollar tomorrow. The theory relies on the earning capacity of money. The approach is the reason why entrepreneurs prefer to capitalize on their investments the soonest so the more money available now will represent for them more money accrued in the future.

8 0
3 years ago
You have just been offered a promotion that your friend and coworker, Crystal, has been hoping for. Crystal knows that you had a
zavuch27 [327]

Answer:

Indirect

Explanation:

Since in the question it is mentioned tat you just promoted also at the same time you know that Crystal would be upset at the time when she heared the promotion news but she is the good friend and need to be honest so here the  indirect strategy should be used rather using the direct strategy

Therefore the first option is correct

5 0
3 years ago
The law of diminishing marginal utility states that the: Multiple choice question. marginal utility associated with the consumpt
Drupady [299]

The law of diminishing marginal utility states that as more units of a good are consumed, the marginal utility from the consumption of the next unit becomes lesser. John's total utility from the consumption of two ice creams is 10, and his total utility from the consumption of three ice creams is 9.7.

<h3>What does the law of diminishing marginal utility State?</h3>
  • According to the law of declining marginal utility, when consumption rises, the marginal utility gained from each extra unit decreases, all other things being equal.
  • The incremental improvement in utility brought on by consuming one more unit is known as marginal utility.

<h3>Which law does the law of diminishing marginal utility affect?</h3>
  • According to the law of diminishing marginal utility, a good or service's marginal utility decreases the more of it is used by a person.
  • Consuming increasing quantities of a good gives economic actors less and less pleasure.

<h3>What is law of diminishing marginal returns?</h3>
  • According to the law of declining marginal returns, increasing the number of production factors leads to lesser increases in output.
  • The addition of any more of a production element after a certain level of capacity utilization would unavoidably result in lower per-unit incremental returns.

Learn more about diminishing marginal utility here:

brainly.com/question/13084220

#SPJ4

7 0
2 years ago
Variable costs as a percentage of sales for Lemon Inc. are 71%, current sales are $551,000, and fixed costs are $207,000. How mu
MAVERICK [17]

Answer: a.$10,904 increase

Explanation:

Operating income before sales increase:

= Sales - Variable costs - Fixed costs

= 551,000 - (71% * 551,000) - 207,000

= -$47,210

Operating income after sales increase:

Sales increases to:

= 551,000 + 37,600

= $588,600

= 588,600 - (71% * 588,600) - 207,000

= -$36,306

Difference:

= -47,210 - (-36,306)

= Increase of $10,904

7 0
3 years ago
Given the following data: Treasury Bill Maturity DTM Bid Asked Mar 90 1.20 1.15 If you invest $10,000 today at the risk-free ra
Oksi-84 [34.3K]

Answer: $10029

Explanation:

Based on the information given in the question, if $10000 is invested today at the risk-free rate, the amount that'll be received in 90 days will be calculated thus:

= Investment × (1 + Asked) × (DTM/360)

= 10000 + (1 + 0.0115) × (90/360)

= 10000 + 1.011 × 0.25

= 10029

Therefore, the answer is $10029

7 0
3 years ago
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