FREE Trial
Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

After apocalyptic times, Rick and Negan open up a smoothie shop, which is a competitive market. The marginal revenue is $4. Rick & Negan sell

image text in transcribed
After apocalyptic times, Rick and Negan open up a smoothie shop, which is a competitive market. The marginal revenue is $4. Rick & Negan sell 50 smoothies, have an average total cost of $4 and a fixed cost of $100. What is their current total revenue

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image_2

Step: 3

blur-text-image_3

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Capitalist Political Economy Thinkers And Theories

Capitalist Political Economy Thinkers And Theories

Authors: Heather Whiteside

1st Edition

0429888031, 9780429888038

More Books

Students also viewed these Economics questions

Question

★★★★★
The treasurer of Kelly Bottling Company (a corporation) currently has $150,000 invested in preferred stock yielding 8 percent. He appreciates the tax advantages of preferred stock and is considering...

Answered: 1 week ago

Question

★★★★★
What is meant by online privacy concern ? Why is it a particularly important issue for online shoppers?

Answered: 1 week ago

Question

★★★★★
The reliability of an electrical fuse is the probability that a fuse, chosen at random from production, will function under its designed conditions. A random sample of 1000 fuses was tested and X=27...

Answered: 1 week ago

Question

★★★★★
You are a division manager at Toyota. If your marketing department estimates that the semiannual demand for the Highlander is Q = 100,000 1.25P, what price should you charge in order to maximize...

Answered: 1 week ago

Question

★★★★★
computer science - Write a program in Java to find the factorial of a number using recursion.

Answered: 1 week ago

Question

★★★★★
Which of the following provides an identification card of sorts to clients who request services in a Kerberos system? Group of answer choices Ticket Granting Service Authentication Server...

Answered: 1 week ago

Question

★★★★★
Discuss the scope of Human Resource Management

Answered: 1 week ago

Question

★★★★★
Discuss the different types of leadership

Answered: 1 week ago

Question

★★★★★
Write a note on Organisation manuals

Answered: 1 week ago

Question

★★★★★
Define Scientific Management

Answered: 1 week ago

Question

★★★★★
Explain budgetary Control

Answered: 1 week ago

Question

★★★★★
2. What do the others in the network want to achieve?

Answered: 1 week ago

Question

★★★★★
1. What do I want to achieve?

Answered: 1 week ago

Question

★★★★★
3. To understand a method for achieving personal communication mastery.

Answered: 1 week ago

Previous Question Next Question