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KATRIN_1 [288]
2 years ago
15

A monopolist can sell 15 toys per day for $12.50 each. To sell 16 toys per day, the price must be cut to $12.20. The marginal re

venue of the 16th toy is:_________.A. $12.20.B. $-0.30.C. $7.70 .D. $16.
Business
1 answer:
inessss [21]2 years ago
8 0

Answer:

A monopolist can sell 15 toys per day for $12.50 each. To sell 16 toys per day, the price must be cut to $12.20. The marginal revenue of the 16th toy is:_________.

A. $12.20.

Explanation:

For this monopolist, the marginal revenue is the incremental revenue which it generates from each additional unit of sales.  It can also be expressed as the rate at which total revenue changes from what it was before now.  In this case, the additional revenue that the monopolist will get from selling one additional unit is $12.20.  It is the additional revenue that the monopolist gets for the 16th item.

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The freebird turbocharger is being recalled. all customers who submitted warranty cards can have their installed turbochargers s
guajiro [1.7K]

Answer:

The primary purpose of this message is <u>to inform a customer about a recall</u>.

The secondary purpose is <u>to retain the customer's goodwill.</u>

Explanation:

The primary purpose of this message is to inform their customers about a problem and how it can be solved. The secondary purpose, but not less important, is to increase customer goodwill which in turn increases customer loyalty. Customers that believe that a company cares for them, will create a bond with that company.

3 0
2 years ago
An airline company must plan its fleet capacity and its long-term schedule of aircraft usage. For one flight segment, the averag
tresset_1 [31]

Answer:

112 customers per day

Explanation:

For computing the needed capacity requirement, first we have to find out the new utilization rate which is shown below:

Capacity cushion = 100% - average utilization rate

25% = 100% - average utilization rate  

So, the average utilization rate is 75%

Now the needed capacity requirement is

Utilization rate = Average output rate ÷ Maximum capacity × 100

75% = 84 ÷  Maximum capacity × 100

So, the maximum capacity is 112 customers per day

We simply applied the above formula to determine the needed capacity requirement

8 0
2 years ago
A recent income statement of McClennon Corporation reported the following data:
arsen [322]

Answer:

The correct answer is option b.

Explanation:

The number of units of output sold is 8,000 .

The sales revenue is $9,600,000 .

The variable costs are $6,000,000 .

The fixed costs are $2,600,000.

The price of the product

= \frac{Sales\ Revenue}{Q}

= \frac{9,600,000}{8,000}

= $1,200

The average variable cost is

= \frac{TVC}{Q}

= \frac{6,000,000}{8,000}

= $750

Profit =  TR - TC

Profit = Price\ \times\ Q - (AVC\ \times\ Q )\ +\ TFC)

$1,270,000 = $1,200Q - $750Q - $2,600,000

$3,870,000 = $450Q

Q = \frac{3,870,000}{450}

Q = 8,600 units

7 0
2 years ago
A company opting to boost its sales of branded footwear by offering buyers 500 models/styles to choose from should consider redu
Pavel [41]

Answer:

D. investing in production improvement option B at those production facility locations producing 500 models.

4 0
2 years ago
Read the passage. What should Jake do? What professionalism skills would he be using?
faltersainse [42]
<h2>Jake should use multi-tasking skill.</h2>

Explanation:

An employee with multi-tasking skill grows well in an organization because he can handle multiple responsibilities and that is what the need of the hour.

Jake should also prioritize the work to do multi-tasking. According to the given situation.

1. Clarify the client first. Clients are king. They bring business.

2. Make the changes in the previous report. Because this is rework and better to complete it soon.

Below are fresh works.

3. Review the report written by the co-worker

4. Write your own report.

6 0
2 years ago
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