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NeX [460]
2 years ago
3

Suppose a firm in a competitive market produces and sells 8 units of output and has a marginal revenue of $8.00. What would be t

he firm's total revenue if it instead produced and sold 4 units of output?
a. $4
b. $8
c. $32
d. $64
Business
1 answer:
Sholpan [36]2 years ago
7 0

Answer:

option (c) $32

Explanation:

Data provided in the question:

The firm is in a competitive market

Number of units produced = 8

Marginal revenue = $8.00

Number of units sold = 4 units of output

Now,

If a firm is in a competitive market, the horizontal demand curve i.e the price remains the constant

therefore,

The firm's total revenue will be = Number of units sold × Marginal revenue

= 4 × $8

= $32

Hence,

The correct answer is option (c) $32

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Dotterel Corporation uses the variable cost concept of product pricing. Below is cost information for the production and sale of
skad [1K]

Answer:

$11.2 per unit

Explanation:

The computation of the variable cost per unit is shown below:

= Variable direct materials cost per unit + Variable direct labor cost per unit + Variable factory overhead cost per unit + Variable selling and administrative cost per unit

= $4.34 per unit + $5.18 per unit + $0.98 per unit + $0.70 per unit

= $11.2 per unit

We simply added the entire variable cost per unit so that the accuracy per unit could be reached

3 0
2 years ago
Natalia notices that if she does not sleep a lot at night, she feels tired the next day. What relationship (if any) exists betwe
GalinKa [24]

Answer:

The correct answer is letter "B": There is a negative correlation.

Explanation:

In the world of Finance, Correlation is a statistical measure of how two securities move in relation to each other. Correlation is represented by the correlation coefficient with ranges between (-1) and (+1). When two variables move in a similar direction, they are considered positively correlated. If the variable move in different directions they are negatively correlated.

5 0
2 years ago
A business consultant earns a flat fee for his work as well as an hourly fee. He charges his clients at a rate of $75 per hour.
Delicious77 [7]
Well...if he earns $75 an hour....and he worked for 20 hours...that's
75 * 20 which = 1500
Now it says he also earns a flat fee....since the question states he billed the client 1800...and he only earned 1500 of it...that must mean that his flat fee would be
1800 - 1500 = 300
So his flat fee is 300...and his variable charge...is 75x (75 dollars per hour)
in an equation...this would look like
C(x) = 75x + 300
4 0
2 years ago
A) You have just moved into a new apartment and are trying to arrange your bedroom. You would like to move your dresser of weigh
notsponge [240]

Answer:

A. W = 0joule

B.W = d * w * cos (90 -ø)

Explanation:

work done is force multiplied by distance since the distance covered by the dresser is zero so automatically work done in moving the dresser is 0 (zero)

B. The component of weight of box along the inclined plane = w * cos ( 90 - ø )

Where ø is the angle of inclination to the horizontal

W = weight of body due to gravity.

Since the distance traveled by box due to gravity = d

So therefore:

W = d * w * cos (90 -ø)

W = work done

N.b

See attached sketch for comprehension

4 0
2 years ago
Mel’s Diner is a popular café that specializes in home-cooked meals, friendly service, and a menu that contains vegan and vegeta
Katyanochek1 [597]

Answer:

The answer is: Mel´s Diner is engaging in a Niche Marketing Strategy

Explanation:

A niche marketing strategy takes place when you concentrate all your marketing efforts on an specific and well defined segment of the population.  

Mel´s Diner is differentiating themselves form all the other restaurants in their area by offering vegan and vegetarian dishes.

8 0
2 years ago
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