Answer:
option (D) $1,000
Explanation:
Data provided in the question:
Sales when 10 prefabricated garages per week are sold = $10,000 each
Sales when 9 prefabricated garages per week are sold = $11,000 each
Now,
Marginal revenue is given as Change in revenue with 1 unit change in production
Thus,
Marginal revenue = ( $10,000 × 10 ) - ( $11,000 × 9 )
= $100,000 - $99,000
= $1,000
Hence,
The answer is option (D) $1,000
Answer:
The correct answer is binary variables.
Explanation:
A binary variable is one that can only have two possible values. They generally fulfill two essential characteristics:
1. They are made up of two exhausting values, which indicates that there is no other possibility of response. For example, a person is female or male.
2. Both values of the variable are exclusive, that is, it is not possible that both responses can be given, only one. In the same example above, a customer cannot be a woman and a man at the same time.
Answer:
The non public area of a large building
Explanation:
There is no public traffic to content with and ample space to work.
Answer:
<u> selling price at year 3:</u> $ 188.89
<u>at constant dollar year 3:</u> $ 167.94
Explanation:
selling price x accumualte raises:
selling price: 188,892
now, to calculate the constante dollar we discount for inflation:
constant dollar selling price: 167,9398271
