Consider a firm that sells lamps in a perfectly competitive market. As its sales go up from 10 lamps to 11 lamps, its total revenue increases from $500 to $550. What is the marginal revenue of this firm
Solved
Show answers
More tips
- F Family and Home How to Choose the Perfect Air Conditioner for Your Life...
- H Health and Medicine Discover the Hidden Principles and Real Results of the Japanese Diet...
- H Health and Medicine Understanding Pregnancy Tests: What You Need to Know?...
- H Health and Medicine What Makes a Man a Man?...
- C Computers and Internet How to Get Rid of Spam in ICQ?...
- A Art and Culture Who Said The Less We Love a Woman, the More She Likes Us ?...
- F Family and Home How to Get Rid of Your Neighbors?...
- S Society and Politics How Could Nobody Know About the Dead Mountaineers?...
- H Health and Medicine How to Cure Adenoids?...
- H Health and Medicine Why Wearing a Back Brace Can Be Beneficial During Back Strain?...
Answers on questions: Business
- B Business The integrated cost leadership/differentiation strategy needs structural features that are partially centralized and partially decentralized, jobs that are semispecialized,...
- B Business A company s flexible budget for 60,000 units of production showed sales of $96,000, variable costs of $36,000, and fixed costs of $26,000. What operating income would be...
- B Business Deindustrialization affects the economic landscape of countries. Describe the change in the dominant economic sector during industrialization and during deindustrialization....
- B Business You interview with an athletic footwear manufacturer that has annual advertising expenditures of $32 million and total sales revenue of $100 million, and the firm selects...
- B Business On February 28, Katherine wrote a check number 1021 to Hoopers Market for $189.43. Her beginning balance was $584.77. Calculate the new balance....
- B Business Last month, Katherine received her January bank statement in the mail, showing a balance of $1518.78. The following were not shown on the statement: a deposit of $125.788...
- M Mathematics Jonas is planning field day at his school. the table shows the order of activities and how long each activity last. tug of war activity is 20 mins, bean bag is 15 mins,...
- B Biology Identify the circumstances associated with increased rates of physical weathering. select two correct answers.a) constant temperatureb) hot and cold cyclesc) large, smooth...
- E English Write a letter to your brother telling him how you like your best friend...
- M Mathematics Aflower show has an inventory of 60 tulips and 100 roses. which equation is correct? 60 = 3 × 100 60 = × 100 100 = × 60 60 = × 100...
Ответ:
The marginal revenue is $50
Explanation:
MR = 50
The marginal revenue is the increase in revenue brought about by sale of one extra unit. In this case, that would be $50.
Marginal Revenue
= change in total revenue / change in quantity
= 550−500 / 11−10
= 50/1 = $50
MR=$50
Ответ:
answer:
cia ?
explanation: