if a firm sells 20 units of output at $15 per unit and 21 units of output when price is reduced to $14, its marginal revenue from selling the last unit is group of answer choices $21. $6. -$6. $294.
Answers
The correct answer is C. The marginal revenue from selling the last unit is equal to the change in total revenue, which in this case is -$6.
When the firm sells 20 units at $15 per unit, its total revenue is:
20 units x $15 per unit = $300
When the price is reduced to $14 per unit and the firm sells 21 units, its total revenue is:
21 units x $14 per unit = $294
Therefore, the change in total revenue from selling the 21st unit is:
$294 - $300 = -$6
Marginal revenue is the additional revenue generated from the sale of one additional unit of a product or service. It is the change in total revenue that occurs as a result of selling one more unit of a good or service. In summary, marginal revenue is an essential concept in business that allows companies to make informed decisions regarding pricing and production levels, ultimately leading to increased profitability.
Marginal revenue is important in determining the optimal level of production and pricing for a business. When the marginal revenue of a product is greater than its marginal cost, a company should continue to produce more of that product. On the other hand, if the marginal cost exceeds the marginal revenue, a company should reduce its production or even stop production altogether.
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Related Questions
On January 25. Coot Company has $350.000 deposited with a local bank. On January 27 , the company writes and malls checks of $30,000 and $70,000 to suppllers. At the end of the month, Coot's financial manager deposits a $55,000 check recelved from a customer in the morning mall and plcks up the end-of-month account summary from the bank The manager notes that only the $30,000 payment of the 27 th has cleared the bank. • What is the company's avallable bolance with its bank?
Answers
Given data:On January 25. Coot Company has 350,000 deposited with a local bank.On January 27, the company writes and mails checks of 30,000 and 70,000 to suppliers.
At the end of the month, Coot's financial manager deposits a 55,000 check received from a customer in the morning mail and picks up the end-of-month account summary from the bankThe manager notes that only the 30,000 payment of the 27th has cleared the bank.Available balance with the bank = Deposits - Outstanding Checks - Uncleared Deposits.
Step 1: Calculation of DepositsThe company has deposited $350,000 on January 25.Now, the company has received a check of 55,000 from a customer. Therefore, the total deposits with the bank = 350,000 + 55,000
= 405,000
Step 2: Calculation of Outstanding checksOutstanding checks are the checks that have been written and mailed but have not yet been presented for payment to the bank. Coot Company has written two checks of 30,000 and 70,000 on January 27.
Therefore, the outstanding checks = 30,000 + 70,000
= 100,000.
Step 3: Calculation of Uncleared depositsUncleared deposits are the deposits that are not yet credited to the account by the bank.Coot's financial manager deposits a check of 55,000 received from a customer at the end of the month, but the bank has not yet cleared it.
So, the uncleared deposits = 55,000Therefore, the available balance with the
bank= Deposits - Outstanding Checks - Uncleared Deposits
= 405,000 - 100,000 - 55,000
= 250,000Therefore, the company's available balance with its bank is 250,000.
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It’s too early for this and I need some assistance
Answers
Answer:
A
Explanation:
Why did Krispy Kreme decide to manufacture all the donut mix and distribute it to the stores?
a) it made the products more consistent in various stores
b) franchise law demands is kind of central production
c) It is always cheaper to use this method
d) The company was having problems with distributors
Answers
Answer:
Option A
Explanation:
In simple words, Krispy Kreme Doughnuts, Inc. is an American doughnut company and coffeehouse chain owned by JAB Holding Company. Krispy Kreme was founded by Vernon Rudolph, who bought a yeast-raised recipe from a New Orleans chef, rented a building in 1937 in what is now historic Old Salem in Winston-Salem, North Carolina, and began selling to local grocery stores.
They make all their dough of the product by themselves so that the neutrality regarding their consistency remains intact thought the country,
Which two statements are characteristics of high-involvement purchases?.
Answers
The statements that depict high-involvement purchases include:
The purchase can reflect on one's social image. The purchase can have serious personal consequences.What is a high involvement purchase?A high involvement purchase simply means when a consumer buys a product that's expensive.
This poses a risk of emotional consequence when a mistake is made. The purchase can also reflect on one's social image and have personal consequences.
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1. Unit 8 provided several examples of businesses in which pricing plays an essential role in the business's identity. Think of an example of a business in your community whose reputation is also based on an aspect of pricing and explain how pricing forms the identity of the brand.
Answers
Answer:
Examples of businesses in which pricing plays an essential role in the business's identity are;
1) PEP, 2) Market Square, 3) Walmart, 4) Target, 5) Eko Hotel
Shoprite
Pricing forms the the identity of the Shoprite brand because the charges for the items sold are reduced to the lowest minimum, such that customers are attracted to their outlets as a customer can get a wide variety of popular, local, and rear at affordable prices
Explanation:
the planning function that determines the need to replenish finished product inventory at branch warehouses, when there are multiple warehouses in the network, is called what?
Answers
The planning function that determines the need to replenish finished product inventory at branch warehouses, when there are multiple warehouses in the network, is called inventory replenishment planning.
Inventory replenishment planning helps to decide how much stock should be sent to each warehouse and when it should be sent in order to maintain an appropriate level of inventory.
This planning function takes into account factors such as demand, lead time, safety stock, and inventory carrying costs to ensure that the right amount of inventory is available at the right time to meet customer demand.
By optimizing inventory levels and replenishment schedules, companies can minimize stockouts, reduce carrying costs, and improve customer satisfaction.
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A questionnaire on the negative impact of the coronavirus as one of the socio economic issues of the business
Answers
Answer:
From my understanding,I don't think so
Explanation:
because of the coronavirus from where I'm living those that are selling face mask and hand sanitizer are benefiting more from it than others
"Emergency contact must be someone other than the primary parent/guardian.", who should an emergency contact be?
Answers
Answer:
Emergency contacts must be someone other than a parent/guardian. If you submit a change in ParentVUE to add yourself or the child’s other parent/guardian as an emergency contact, it will be denied by school staff. Schools will always attempt to contact the parents/guardians first and will call emergency contacts only when parents/guardians are not available
Answer:
Emergency contact has to be someone other than your parents/guardians. You/your guardians should choose someone as emergency contact whom you can trust and is responsible. When your guardians will not be available, then the school stuff will contact the emergency contact. Emergency contact can't be you.
Which is NOT something you should look for in a savings account?
a) Low (or no) monthly fee
b) Rewards for using your debit card
c) Free online banking
d) Competitive interest rate
Answers
Answer:
b) Rewards for using your debit card
Explanation:
If it’s a saving account why would I using my debit?
Which type of tort happens when you unfairly damage another company's reputation?
A.
Fraud
B.
Conflict
C.
Interference
D.
Defamation
Please select the best answer from the choices provided
A
B
C
D
Answers
Answer:
D
Explanation:
Peter is planning his finances for the next couple of years. He wants to save money to eventually buy a house because he will be getting married
soon. He has created a savings plan revolving around his necessary expenses, and he has set a target of three years to save up a down payment
for a house. At which phase of the financial life cycle is Peter in?
Peter is in the________
phase of the financial life cycle.
Fill in the blank
Answers
Answer:
Beginning is the correct answer Beginning is the correct answer Beginning is the correct answer
Explanation:
Beginning is the correct answer Beginning is the correct answer Beginning is the correct answer Beginning is the correct answer Beginning is the correct answer
According to the text, reducing many of the tariffs that are still in existence will lead to Blank______.
Answers
The reduction of tariffs will provide greater market access to foreign products.
What is a tariff?It should be noted that a tariff simply means a tax that's on an imported good. This is vital to generate revenue for the government.
Reducing many of the tariffs that are still in existence will lead to greater market access to foreign products.
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Calculate how many hours his non-salary employees will take to create a large order of 1,000 shoes. What kind of budget would Jose create?
Answers
This question is incomplete but will answer this based on what I guess you're asking.
Answer and Explanation:
Assume there are 10 employees for the small factory that makes shoes.
Let's assume each non-salary employee spends 30 minutes on each pair of shoes before it finishes, and charges $10 per hour.
1000 pairs of shoes would take 1000×0.5×10= 5000 hours(208 days and a few hours)
Total budget for non-salary employees= 5000 hrs×$10= $50000
Therefore Jose would need a $50000 budget given the variables above.
Ayayai Mining Company purchased land on February 1, 2020, at a cost of $1,038,200. It estimated that a total of 57,900 tons of mineral was available for mining. After it has removed all the natural resources, the company will be required to restore the property to its previous state because of strict environmental protection laws. It estimates the fair value of this restoration obligation at $111,600. It believes it will be able to sell the property afterwards for $124,000. It incurred developmental costs of $248,000 before it was able to do any mining. In 2020, resources removed totaled 28,950 tons. The company sold 21,230 tons.
Compute the following information for 2020.
(a) Per unit mineral cost $
(b) Total material cost of December 31, 2020, inventory $
(c) Total material cost in cost of goods sold at December 31, 2020 $
Answers
Answer:per unit mineral cost = $ 22 per ton
Total material cost of December 31, 2020, inventory= $ 169,840
Total material cost in cost of goods sold at Dec 31,2020= $ 467,060
Explanation:
Details on the property Amount
Add:
Purchase cost $ 1,038,200
Restoration cost $ 111,600
Development cost $ 248,000
Deduct:
Sales value on the property $124,000
Total material cost $1,273,800
Given that 57,900 tons are mined
a)
Per unit mineral cost = 1,273,800/57,900 = $ 22 per ton
b) Total material cost of December 31, 2020, inventory
Ending Minerals in inventory at Dec 31st 2020 = Tonnes mined – tonnes sold = 28,950-21,230 = 7, 720
therefore, total material cost of inventory = 7,720 x 22 = $ 169,840
Total material cost in cost of goods sold at Dec 31,2020
cost per ton = $22
goods sold = 21,230
therefore total material cost of goods sold = $22 x 21,230 = $ 467,060
5. The price of a laptop computer dropped from $1,800 to $1,200. What was the percent of
decrease?
a. 30%
b. 1/3
c. 33.33%
d. 333
Answers
Answer:
c. 33.33%
Explanation:
The original price was $1,800
The price dropped to $1,200
the drop in price was $1,800 - $1200 = $600
The percentage drop will be $600/$1800 x 100
=0.33333 x 100
=33.33%
A certification mark distinguishes products approved, or "certified," by the government. T/F
Answers
A certification mark is a special type of trademark that indicates that a product or service has met specific standards or requirements set by a certifying body, which can be a government agency or a private organization. The statement "A certification mark distinguishes products approved, or "certified," by the government" is True.
These marks distinguish products or services that have been approved or "certified" as meeting the necessary criteria for quality, safety, or performance. By displaying a certification mark, manufacturers and service providers assure consumers of their commitment to maintaining the high standards associated with the mark. Examples of certification marks include Energy Star, Fair Trade, and USDA Organic.
Overall, certification marks serve as a reliable indicator of quality and compliance, helping consumers make informed choices about the products and services they purchase.
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A cognitive abilities test that measures ________ might ask a test taker to repeat a series of digits backwards, thereby demonstrating an ability to retain information while actively manipulating it.
Answers
A cognitive abilities test that measures "working memory" might ask a test taker to repeat a series of digits backwards, thereby demonstrating an ability to retain information while actively manipulating it.
Working memory is the cognitive system responsible for temporarily storing and manipulating information needed for tasks requiring active mental processing. This type of test assesses a person's ability to hold and manipulate information in their mind, which is an important aspect of cognitive functioning. It helps evaluate an individual's ability to process information in real-time, solve problems, and engage in complex thinking tasks. Backwards refers to the reverse order or direction of something. It is the opposite of the usual or expected forward progression. In various contexts, the concept of backwards can have different meanings. In terms of time, it signifies moving or thinking in the opposite direction of chronological progression. In spatial terms, it implies moving or facing in the opposite direction from the norm. Additionally, when applied to cognitive tasks or tests, "backwards" often involves reversing or inverting a given sequence or order.
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During the market testing stage of the new-product process, a product may be tested multiple times with consumers to get their reactions with test marketing, one type of which is known as
Answers
Answer:
Simulated test markets.
Explanation:
During the market testing stage of the new-product process, a product may be tested multiple times with consumers to get their reactions with test marketing, one type of which is known as simulated test markets.
A simulated test market can be defined as a marketing research technique that involves the exposure of consumers to an unreal market in order to observe their reactions to a new product. It involves advertising in stages through a simulated market so as to determine a customer's purchase decision, forecast demand and market analysis for a new product.
Hence, a simulated test market is aimed at observing and analyzing potential customer's reaction to a new product before it's introduced to the market.
Limitations of self-imposed budgeting include ______.
Answers
budgetary slack
QUESTION: Identify an example of the change in relative prices of two products.
pls help T o T
Answers
Answer: First lets start off with relative change. Relative changes shows the change of a value of an indicator in the first period and in percentage terms, ext. Relative change is calculated by subtracting the value of the indicator in the first period from the value of the indicator in the second period which is then divided by the value of the indicator in the first period and the result is taken out in percentage terms. The formula for relative change is very simple, and it is derived by initially deducting the initial value of the variable from the final value, then dividing the result by the initial value, and then finally multiplying by 100% to express in terms of percentage. Also
Explanation:
A small example in relative prices is In apple season, apples cost half as much as oranges. In orange season, oranges cost half as much as apples. Also to understand better, either market forces or government intervention, the relative price of goods and services does impact the allocation of resources used to produce these goods and services. A relative price is the price of one good compared to another. Resource allocation addresses how land, capital, and labor are spent in the production of goods and services. Since we went over that relative price is the price of something compared to something else. In other words, it is the ratio of two prices. Completely logical people will make purchasing decisions by considering the relative prices of their options. We can conclude that gas is $2.76 compared to the $3.02 of diesel . Now the gas is $0.26 cents cheaper than diesel. This is caused by the price to refine diesel compared to gas. Now that we have two simple example to show the basis of relative prices, you can clearly see the mean and definition of relative prices through the examples shown!
The asset that is most susceptible to employee fraud is.
Answers
The asset in a company that is typically susceptible to fraud by the employees is known as cash.
What is an asset?An asset simply means the resource that is controlled or owned by a company.
The asset in a company that is typically susceptible to fraud by the employees is known as cash. It should be noted that an asset in a company is important as it can produce positive economic value.
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What types of planning can be done to improve a nation’s economy?
A nation can undergo ____ planning or ___ planning in order to improve its economy.
Answers
Answer:
A nation can undergo long-term planning or constructive planning in order to improve its economy. Long-term planning involves setting goals and implementing policies that will have an impact over a period of several years. This type of planning may involve investments in education, infrastructure, and research and development, among other areas. Constructive planning involves implementing policies that encourage economic growth and development, such as reducing barriers to trade, promoting entrepreneurship and innovation, and investing in key industries. These types of planning can help a nation to create jobs, increase productivity, and improve living standards for its citizens. THANK YOUwhat are reasons for a company to sell stocks choose more than one answer. brainpop
Answers
Companies sell stocks for a variety of reasons. One reason is to raise capital for future growth and expansion. Another reason is to pay off debt or fund new projects. Additionally, selling stocks can provide liquidity for company founders or early investors who want to sell their shares. Companies may also sell stocks to attract and retain employees by offering stock options or equity as part of their compensation package.
Finally, selling stocks can increase the company's visibility and credibility in the market, making it more attractive to investors.
There are several reasons for a company to sell stocks. Firstly, selling stocks can provide a company with funds for expansion, research and development, or capital investments, which can ultimately drive business growth. Secondly, issuing stocks can help a company reduce its debt-to-equity ratio, improving its financial health and stability.
Lastly, selling stocks can provide liquidity for the company's founders and early investors, allowing them to realize the financial gains from their initial investment. Overall, selling stocks can be a strategic decision to support a company's financial objectives and long-term growth plans.
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Table 1 contains information about the number of new business start-ups in four cities in the UK in 2016.
Using the information in Table 1, calculate, to 2 decimal places, the number of new start-ups in Birmingham as a percentage of the number of new start-ups in London. You are advised to show your workings.
Answers
The number of start-ups in Birningham as a percentage of the start-ups in London is 8.51%.
What are percentages?
Percentage is a measure of frequency. It is the fraction of an amount that is usually expressed as a number out of hundred. The sign used to represent percentages is %.
The number of start-ups in Birningham as a percentage of the start-ups in London = (17473 / 205320) x 100 = 8.51%
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select all that apply
Answers
Answer:
Go to your financial institution
Endorse the check and return it to whoever gave it to you
The problem of bankruptcy is associated with overuse and misuse of credit in the
Answers
The issue of bankruptcy is linked to the overuse and misuse of credit in the part of financial planning. Financial planning is the process of thoroughly analyzing your financial situation and developing a customized financial plan to achieve your goals.
As a result, financial planning frequently covers a wide range of financial topics, including insurance, investing, taxes, savings, retirement, and more. Financial planning can include a wide range of services, which we outline below.
Instead than concentrating on just one area of your money, it sees clients as actual individuals with a range of objectives and duties. After that, it discusses a number of financial realities to determine how to help individuals live their lives to the fullest.
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Which type of product advertisement can be used to sell a company’s product when two or more other companies are selling the same product?
Answers
Answer:competitive advertising
Explanation:
I’m not for sure but I think that might be the answer
Answer: competitive advertising
Explanation:
if on online course it is what was right
I need a 2 paragraph essay about the importance of careers
Answers
Answer: Career is a very important thing in one's life. Whatever career path you choose to follow, it will impact your life greatly. Your career will define your status in a society in addition to your lifestyle. In other words, your career will determine your social circle and relationships.
Explanation:
when colgate-palmolive and unilever take a successful product that they marketed in one part of the world and market it elsewhere, they are following a market development strategy (according to ansoff's product-market matrix).
Answers
Yes, that is correct. According to Ansoff's Product-Market Matrix, a market development strategy involves introducing existing products into new markets.
When Colgate-Palmolive and Unilever take a successful product that they marketed in one part of the world and introduce it into a new market, they are following a market development strategy. This strategy allows them to expand their customer base and increase sales without having to create new products.
By leveraging their successful product in a new market, they can benefit from economies of scale, increased purchasing power, and other efficiencies that come with greater volume.
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Danielle williams is a 29-year-old single taxpayer who changed jobs during the year. When she left her first job, she decided to take a total distribution from the 401(k) plan she had established with her former employer. She then used the proceeds to make a down payment on a new car. In early 2022, she received the following form 1099-r reporting the distribution. Her only other income was from wages, and her 2021 taxable income was $51,350. What will be the amount of the penalty for the early withdrawal from her 401(k) plan, if any?.
Answers
Answer:
The penalty for the early withdrawal from Danielle's 401(k) plan would be 10%, which works out to be $5,135.
Explanation: