1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
KATRIN_1 [288]
3 years ago
15

A monopolist can sell 15 toys per day for $12.50 each. To sell 16 toys per day, the price must be cut to $12.20. The marginal re

venue of the 16th toy is:_________.A. $12.20.B. $-0.30.C. $7.70 .D. $16.
Business
1 answer:
inessss [21]3 years ago
8 0

Answer:

A monopolist can sell 15 toys per day for $12.50 each. To sell 16 toys per day, the price must be cut to $12.20. The marginal revenue of the 16th toy is:_________.

A. $12.20.

Explanation:

For this monopolist, the marginal revenue is the incremental revenue which it generates from each additional unit of sales.  It can also be expressed as the rate at which total revenue changes from what it was before now.  In this case, the additional revenue that the monopolist will get from selling one additional unit is $12.20.  It is the additional revenue that the monopolist gets for the 16th item.

You might be interested in
The first step in the process of creating a marketing plan is to
Maksim231197 [3]
The right answer for the question that is being asked and shown above is that: "• set marketing objectives." The first step in the process of creating a marketing plan is to <span>set marketing objectives. The group must know the goals and objectives why they are making a business or something.</span>
7 0
3 years ago
On April 15, 2012, Andy purchased some furniture and fixtures (7-year property) for $10,000 to be used in his business. He did n
jenyasd209 [6]

Answer:

$874.50

Explanation:

Calculation to determine the cost recovery deduction for 2020

2020 cost recovery deduction = $10,000 × 17.49% × ½

2020 cost recovery deduction = $874.50

Therefore the cost recovery deduction for 2020 is $874.50

8 0
3 years ago
Which margin size is most appropriate for a business card?
yan [13]
3.5 inches because the normal business card is 3.5 in × 2 in 
3 0
4 years ago
Read 2 more answers
One factor that influences the consumer decision-making process is __________, which refers to the set of values, attitudes, and
Ray Of Light [21]

Answer:

culture

Explanation:

culture: it is combination of values and moral that someone inherit from their forefather. it has very firm effects on decision making process. culture factors like occupation, economic background of consumer and lifestyle etc affect the decision of consumer. it is the value that passes from one generation to another.

culture is that stiff part of one life that cannot be change with time and more or less on the basis this consumer change its decision.

6 0
3 years ago
Most economists believe that prices are:
BaLLatris [955]

Answer: Most economist believe that prices are flexible in the long run but many are sticky in the short run.

Explanation:

Prices are sticky in the short run because producers and buyers take time to adapt to new situations. If there is a shortage of butter, lets say, the economic theory says that the prices will rise because there is less butter ( ceteris paribus = all the other factors remain constant). Actually, buyers and suppliers need time to adapt to the new situation. However, in the long run buyers and suppliers have time to adapt to new situations so prices become more flexible.

8 0
3 years ago
Other questions:
  • E17-4 (LO1) (Entries for Available-for-Sale Securities) Assume the same information as in E17-3 except that the securities are c
    6·1 answer
  • If your company has a large production-related task, such as assembling an airplane, what strategy could help you increase produ
    10·1 answer
  • Court Inc. produces two types of products - Gizmos and Gadgets. The following information is available related to each product:
    14·1 answer
  • This problem has been solved!
    8·1 answer
  • The Magnet Recognition Program for health care organizations is based on fourteen forces of magnetism related to five magnet mod
    10·1 answer
  • What did timothy do with the rope he made?
    15·2 answers
  • A ________ decision is best explained by the following: When a company’s finance department decides to go to the organizations u
    11·1 answer
  • Baskin-Robbins is one of the world’s largest specialty ice cream shops. The company offers dozens of different flavors, from Ver
    6·1 answer
  • Cashews, Inc. issued $100,000, 6% bonds at face value on January 1. The bonds pay interest semiannually on June 30 and December
    11·1 answer
  • Why aren't all people paid the same amount in factor payments for the resources they provide?
    8·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!