What is the average revenue

Assignment Help Business Economics
Reference no: EM132080144

When a firm in a competitive market receives $500 in total reveunue, it has a marginal revenue of $10. What is the average revenue, and how many units were sold?

Reference no: EM132080144

Questions Cloud

What would be the reasons for your selection : Which of the two methods would you select to use? What would be the reasons for your selection?
Compute the final percentage score for each student : Write an awk script called activity6.1-8.awk that compute the final percentage score for each student, as well as the class average
Watch the episode of simpsons bart gets an elephant : Watch the episode of The Simpsons "Bart Gets an Elephant". In the episode, the Simpsons find that their pet elephant
Write a method called totalhours that takes three integer : Write a method called "totalHours" that takes three integer arguments (number of weeks, number of days, number of hours) and returns the total integer hours.
What is the average revenue : It has a marginal revenue of $10. What is the average revenue, and how many units were sold?
Calculate an employees net pay : To calculate federal tax rate use the appropriate Tax Table (Married or Single) to determine correct Federal tax rate based on yearly gross pay.
Magnitude of the percentage change in price : people are not very responsive to the price changes of this product and the magnitude of the percentage change in quantity demanded is less than the magnitude
Assign a bit and b bit to the counter bits : Assign a (bit 1) and b (bit 0) to the counter bits so that all possible inputs are tested increments the counter using a process use.
Taxes to close a recessionary or inflationary gap : Discretionary fiscal policy refers to changes in: government spending or taxes to close a recessionary or inflationary gap.

Reviews

Write a Review

Business Economics Questions & Answers

  Economics assignment

This document contains various important questions and their appropriate answers in the subject field of Economics.

  Demand and supply curves

Economics is the study of the principles governing the allocation of scarce means among competing ends when the objective of the allocation is to maximize the attainment of the ends.

  Long-run perfectly competitive equilibrium for the firm

Evaluate Government intervene and correct this situation?(a) Explain the concept of a concentration ratio. A rise in the price of magarine Explain the impact of external costs and external benefits on resource allocation long-run perfectly c..

  Supply and demand diagrams

Explain each of the following using supply and demand diagrams,  With the use of a graph, explain how these two programs affect cigarette consumption and the price of cigarettes.

  Case study: fisher-price toys

The case study of the Fisher-Price Toys, Inc., a popular case in basic economics and management from the prestigious Harvard Business School.

  Draw the production possibility curve

Draw the production possibility curve and a. Define consumer surplus and producer surplus.

  Tax revenue

The Australian government administers two programs that affect the market for cigarettes

  Maximize total welfare

How many tickets to sell to maximize total welfare.

  Difference between the cv and the ev

The change in consumer surplus (?CS) is not "theoretically" justifiable like the CV and EV but it continues to be the most widely used measure of consumer welfare change. Explain how this can be reconciled

  Depict von neumann-morgenstern utility index u in a diagram

Depict the von Neumann-Morgenstern utility index u in a diagram

  What is the market solution

What is the market solution (market price and quantity) and What is the total surplus of the society under the market solution

  Calculate gross national product and net national product

Calculate gross national product and net national product

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd