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EleoNora [17]
2 years ago
15

Suppose a monopoly concrete contractor builds 20 driveways per month for $10,000 each. In order to increase sales to 21 driveway

s, the contractor must lower the price of driveways to $9,500. The marginal revenue of the 21st driveway is
Business
1 answer:
wariber [46]2 years ago
4 0

Answer: Marginal revenue is -$500.

Explanation: The marginal revenue is calculated as the change in total revenue subtracted by the change in quantity.

Total revenue is calculated by multiplying the price by the quantity:

At a quantity of 20 driveways, the total revenue is = 20 × $10,000 = $200,000

At a quantity of 21 driveways, the total revenue is = 21 × $9,500 = $199,500

Marginal revenue = $199,500 - $200,000

= -$500

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Annie invested in a set of stocks and made $4,000 in profit. She has learned that she will have to pay taxes on the profit she h
Temka [501]
State tax is 5%, so 0,05
0,05•4000=200$

Federal tax is 25% so 0,25
0,25•4000=1000$

Total of taxes to pay =1000+200=1200$

So the real profit will be
4000-1200=3800$

The real value of Annie's profit is 3800$



8 0
2 years ago
Read 2 more answers
You’re prepared to make monthly payments of $175, beginning at the end of this month, into an account that pays 7 percent intere
lara31 [8.8K]

Answer:

<u>86 payments approximately</u>

<em>Explanation</em>:

<u>First</u>;

Find the monthly average interest rate,

=7%/12

=0.0058333333

<u>Second</u>;

Add the monthly average interest rate to the monthly payment

= $175 + 0.0058333333

= $175.00583333 (average total monthly balance)

<u>Third</u>;

Divide final account balance by the average total monthly balance

= 15,000 / 175.00583333

=85.71 payments.

3 0
2 years ago
While conducting business with a customer from Italy, Zoe was careful to speak slowly and clearly, using short sentences and fam
lana66690 [7]

Answer:

graciously accept the blame for not making her meaning clear.

Explanation:

In business communication when the message being passed is not clearly understood for one reason or the the other (in this case because of language barrier). The polite action to take is first to graciously accept blame for not passing the message across clearly, then find a solution to the communication gap.

Talking louder to the other party will be the wrong step to take as it will appear rude, so offer an apology which will give a positive environment.

The other options of ending the conversation and asking an Italian business man to explain what you mean in simple terms will be taken as a slight.

6 0
2 years ago
The following information relates to the manufacturing operations of the JNR Printing Company for the year: Beginning Ending Raw
grin007 [14]

Answer: $117,000

Explanation:

So we are to calculate the Raw Materials purchased during the year.

Logically speaking the following should hold,

Raw materials purchased during the year + beginning raw materials = ending Raw materials + Raw materials used

Agreeing on that and rearranging the formula we will have,

Raw Material purchased during the year = Raw Material used during the year + Ending Raw Material Inventory - Opening Raw Material Inventory

Slotting in the figures we will then have,

Raw Material purchased during the year = 114,000 + 56,000 - 53,000

= $117,000

Raw materials purchased during the year amount to $117,000.

8 0
2 years ago
Will using name brand microwave popcorn result in a greater percentage of pooped kernals than using store branf
goblinko [34]
No. The percentage of pooped kernels depends on the quality of the kernel and the accuracy of the temperature indicated in the cooking instruction on the popcorn package.
3 0
2 years ago
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