Answer:
the correct answer is YES ignore her above answer
Explanation:
One important factor that Vivian needs to consider is that demand changes as a result of changes in price, however, other factors could affect the demand for goods or services, examples are, changes in the price of related goods, the income of the people, changes in preference etc.
Therefore, based on this fact, Vivian should consider "Price elasticity of demand." Price elasticity of demand can be defined as a measurement used in economics to show the responsiveness or elasticity of the quantity demanded of a good or service to a change in its price when nothing but the price changes.
Answer:
D. Marginal revenue for producing the 9 units is $15
Explanation:
TR(8) = $48
TR(9) = $63
MR(9) = TR(9) - TR(8) = $63 - $48 = $15
AR(8) = TR(8) / 8 = $48/8 = $6
AR(9) = TR(9)/9 = 63/9 = $9
Note: TR=Total revenue, AR= Average Revenue and MR=Marginal Revenue
So, the only correct option is option d
Answer:
The equivalent annual cost of an oven is 
Explanation:
Hi
<u>Known Data</u>
Operating cost=
,
and 
<u>Computing total cost per year</u>
We are going to use the formula below with the known data.
. Then this is the fixed amortization cost per year.
Finally, we sum the fixed amortization cost per year and the operating cost:
Total cost per year=
, therefore the answer is 