Answered step by step

Verified Expert Solution

Link Copied!

Question

1 Approved Answer

Posted on Jan 22, 2022

Marginal revenue is A. the change in total revenue divided by the change in the quantity of output B. the change in total revenue divided

Marginal revenue is

A. the change in total revenue divided by the change in the quantity of output

B. the change in total revenue divided by the change in the total cost

C. the change in profit divided by the change in the quantity of output

D. total revenue divided by the total quantity of output

Step by Step Solution

★★★★★

3.35 Rating (155 Votes )

There are 3 Steps involved in it

Step: 1

Marginal revenue i g The change in total revenue divided by the cheinge in the quantity of o... 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

Step: 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

Managerial economics applications strategy and tactics

Authors: James r. mcguigan, R. Charles Moyer, frederick h. deb harris

12th Edition

9781133008071, 1439079234, 1133008070, 978-1439079232

More Books

Students also viewed these Economics questions

Question

★★★★★

Marginal revenue product is defined as the change in total revenue that results from the employment of an additional unit of a resource. A widget producer wishes to determine how the addition of...

Answered: 1 week ago

Question

★★★★★

1. Identify the change in total revenue (the marginal revenue) from the fourth shirt per day. What price reduction was necessary to sell four rather than three shirts? 2. What is the change in total...

Answered: 1 week ago

Question

★★★★★

A seller produces output with a constant marginal cost MC = 2. Suppose there is one group of consumers with the demand curve P1 = 16 - Q1, and another with the demand curve P2 = 10 - (1/2)Q2. a) If...

Answered: 1 week ago

Question

★★★★★

Assume that everything is the same for the project except the marginal tax rate is now 35%. What is the new NPV? Assume that the cost per unit can be decreased to $12 by using cheaper raw materials...

Answered: 1 week ago

Question

★★★★★

Sophias Glam Designs needs to hire 100 new workers to manufacture a new line of back-to- school outfits. The company received hundreds of applications for the positions. Simone, Sophias Glam Designs...

Answered: 1 week ago

Question

★★★★★

How might a leader be able to inspire people through the principles espoused by self-determination theory?

Answered: 1 week ago

Question

★★★★★

The number of missing items in a certain location, call it X, is a Poisson random variable with mean . When searching the location, each item will independently be found after an exponentially...

Answered: 1 week ago

Question

★★★★★

The CEO and the CFO of Automation Company were both aware that the companys controller was reporting fraudulent revenues. Upper level executives are paid very large bonuses when the company meets the...

Answered: 1 week ago

Question

★★★★★

Which of the following statements is TRUE? "When trading securities, ..." a. The ask price is greater than the bid price, and the investor buys at the ask price. b. The ask price is greater than the...

Answered: 1 week ago

Question

★★★★★

Part 1 Recording Using the financial statements for the hypothetical company - Big Box Retailer-record the transactions for the year to the financial statement. The financial statements may be found...

Answered: 1 week ago

Question

★★★★★

Question 5 20 pts EXS Corporation is considering two possible investments and needs your help in determining which will be the better financial option. Perform the necessary calculations using...

Answered: 1 week ago

Question

★★★★★

510. Definitions for a multicomponent flash are as follows: x, yi liquid and vapor mole fractions, respectively = feed mole fraction Zj K =y/x-equilibrium constant L,V, F liquid, vapor, and feed...

Answered: 1 week ago

Question

★★★★★

Suppose the Ashland Shakespeare Festival is hiring a new music director. The group gives all applicants for the position three tests: (1) a work-sample test, in which each applicant is asked to score...

Answered: 1 week ago

Question

★★★★★

student question Everyone knows how high the cost of prescription medicines is these days, and many Americans dislike having to pay significantly more than Canadians or Europeans do for the very same...

Answered: 1 week ago

Question

★★★★★

What is your organization's commitment to diversity? Is there a DE & I statement or mission statement?

Answered: 1 week ago

Question

★★★★★

Joseph Hoffman alleged that Red Owl stores promised him that it would build a store building in Chilton, Wisconsin and stock it with merchandise for Hoffman to operate in return for Hoffman's...

Answered: 1 week ago

Question

★★★★★

In 2024, the Westgate Construction Company entered into a contract to construct a road for Santa Clara County for $10,000,000. The road was completed in 2026 . Information related to the contract is...

Answered: 1 week ago

Question

★★★★★

(a) Find the equation of the tangent line to f(x) = x 3 at the point where x = 2. (b) Graph the tangent line and the function on the same axes. If the tangent line is used to estimate values of the...

Answered: 1 week ago

Question

★★★★★

If the domestic prices for traded goods rose 50 percent over 10 years in Japan and 100 percent over those same 10 years in the United States, what would happen to the yen/dollar exchange rate? Why?

Answered: 1 week ago

Question

★★★★★

If some auction participants for crude oil field leases have estimates that the oil in the ground is worth $1.2 million, $1.3 million, or $1.5 million with certainty; and other auction participants...

Answered: 1 week ago

Question

★★★★★

What auction design features reduce the winners curse and therefore reduce strategic underbidding?

Answered: 1 week ago

Question

★★★★★

Other than corporations, are there other legal entities that offer liability protection? Are any of them taxed as flow-through entities? Explain.

Answered: 1 week ago

Question

★★★★★

What are the carryback and carryover periods for a net operating loss?

Answered: 1 week ago

Question

★★★★★

Dave and his friend Stewart each own 50 percent of KBS. During the year, Dave receives $75,000 compensation for services he performs for KBS during the year. He performed a significant amount of work...

Answered: 1 week ago

Previous Question Next Question