Answered step by step

Verified Expert Solution

Link Copied!

Question

1 Approved Answer

Posted on Jun 11, 2024

(Refer to Illustration 5) Suppose a manufacturer is selling machines in a perfectly competitive market. The data in the table from Illustration 5 gives information

(Refer to Illustration 5) Suppose a manufacturer is selling machines in a perfectly competitive market. The data in the table from Illustration 5 gives information on the total cost and marginal cost in thousands of dollars. A machine sells for $300,000 (or $300 if written in thousands, like the illustration) What is the marginal revenue for a machine?

Step by Step Solution

There are 3 Steps involved in it

Step: 1

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

International Marketing And Export Management

Authors: Gerald Albaum , Alexander Josiassen , Edwin Duerr

8th Edition

1292016922, 978-1292016924

Students also viewed these Economics questions

Question

★★★★★

Diane Diol worked for several days to prepare the following compounds: She labeled them carefully and went to lunch. To her horror, when she returned, she found that the labels had fallen off the...

Answered: 1 week ago

Question

★★★★★

What do you understand by GAAPs?

Answered: 1 week ago

Question

★★★★★

Use the information given in Table 9.38 with ???????????????????? = 1208 and ???? = 234 to answer the following questions. (a) Determine the value of SSE for each of the 11 models that were fit. (b)...

Answered: 1 week ago

Question

★★★★★

Alomar Company manufactures four products from a joint production process: barlon, selene, plicene, and corsol. The joint costs for one batch are as follows: Direct materials.... $67,900 Direct labor...

Answered: 1 week ago

Question

★★★★★

Imagine that I have an NFA with 5 states. If I use the subset construction to convert the NFA to an equivalent DFA, how many states will there be , assuming I do not remove any unreachable states? Is...

Answered: 1 week ago

Question

★★★★★

Isabella is a 14-year-old Hispanic bisexual female who has come into the Department of Child Safety (DCS) care due to neglect. Isabella's mother, Martina, is 35 years old, a single mother, has an...

Answered: 1 week ago

Question

★★★★★

0 Question 2 v 1pt 9 1 Let y = 2vx. Find the change in y, Ay when a = 1 and Ax = 0.3 Find the differential dy when x = 1 and dx = 0.30 Question 11 v [Z 1 pt '0 1 Consider the function f(:r:) 2 124...

Answered: 1 week ago

Question

★★★★★

2. The table below provides you with the 'Inventory turnover ratio' and 'receivable turnover ratio' of two auto-parts manufacturing firms (Firm A and Firm B). Also provided is the average values of...

Answered: 1 week ago

Question

★★★★★

Grandfield College. The law requires that any business, including a school, track its software. It is important to know what software the school owns, in what versions, and what the license agreement...

Answered: 1 week ago

Question

★★★★★

Does States and local governments, including local health care facilities, receive sufficient funding to adequately plan and prepare for a Weapon of Mass Destruction incident?

Answered: 1 week ago

Question

★★★★★

Before you start modeling: What are two questions you would ask to ensure the modeling process starts on task? What is your purpose for asking each of them?

Answered: 1 week ago

Question

★★★★★

Local Private Government Sector Federal Government State, Tribal, Territorial, and Insular Area Communities Nongovernmental Organizations Government Individuals, Families, and Households Whole...

Answered: 1 week ago

Question

★★★★★

Assignment #1 - Resilience [10%] This assignment relates to the following Course Learning Requirements: CLR5:Collect and analyze one's own lifestyle information to identify strategies for improving...

Answered: 1 week ago

Previous Question Next Question