The marginal revenue of this monopolist's 11th unit of output is; $2.80
<h3>How to find the Marginal Revenue?</h3>
Marginal revenue is defined as the amount that you gained after selling all your units at a certain price.
Revenue is different from profit, because profit has to incorporate the expenses incurred in order to produce the product. For total revenue, that would just represent the total sales of a firm or company. However, marginal revenue is the additional cost a consumer has to pay when he acquires an additional unit of the product. Thus, marginal revenue is the change of sales per unit product.
Formula for Marginal Revenue is;
Marginal Revenue = ΔRevenue/ΔNumber of units
Thus;
Marginal Revenue = [11($4.80) - 10($5)]/(11 - 10)
Marginal Revenue = $2.8 per unit
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Answer:
In order to use all the paint in a paint mixture in the same ratio of 1:5, the painter needs 2.4 ounces of paint thinner
Explanation:
The given parameters are;
The number of parts of thinner used to create 5 parts of paint mixture = 1 part
The amount of paint the painter has = 12 ounces
The amount of thinner is given by the relation;
Ratio of thinner to paint mixture = 1:5
Which gives, 1 part of thinner is required for 5 parts of paint mixture
1/5 parts of thinner is required for 1 part of paint mixture
Therefore, 12/5 or 2.4 parts of thinner will be required for 12 parts of paint mixture
Which gives;
2.4 ounces of thinner will be required for 12 ounces of paint mixture
Therefore, in order to use all the paint in a paint mixture in the same ratio of 1:5, the painter needs 2.4 ounces of thinner.
Answer:
Hello!
Explanation:
I understand why you might need help, but please email a teacher about this. You can get in major trouble if you are just to copy and paste. A naritive story is very fun to write! Narrative writing is writing that has a story, characters, conflict, and other essential parts of a story. Narrative writing is often synonymous with a story. And this differs greatly compared to other forms of writing, like in textbooks and certain nonfiction books. So for example, you can rewrite a fairy tale and make it modern! For example, take Snow White, but make it take place in a post-apociliptic world! Or maybe take Cinderella and make it a story about a spy. Hope this helped!
