Trout incorporated (inc.) sells trout in a perfectly competitive market. trout inc. is able to sell trout for $600 per unit. in this market, there are 2000 firms competing with one another. last year, trout inc. was able to earn an economic profit of $1,000,000 . the firm has purchased a permit to fish this season, insurance in case one of their workers gets hurt on the job, and a boat. together, these items represent all of the firm's fixed costs and sum to $100,000 . last year, trout inc.'s total revenue was $1,300,000 . what is the marginal revenue per unit for this firm?

Adds up the money earned by producers plus taxes paid to the goverment. a) income approach b) product approach c) expenditure approach

conquest, inc. produces a special kind of light-weight, recreational vehicle that has a unique design. it allows the company to follow a cost-plus pricing strategy. it has $9,000,000 of average assets, and the desired profit is a 10% return on assets. assume all products produced are sold. additional data are as follows: sales volume 1000 units per year; variable costs $1000 per unit; fixed costs $4,000,000 per year; using the cost-plus pricing approach, what should be the sales price per unit?

T-comm makes a variety of products. it is organized in two divisions, north and south. the managers for each division are paid, in part, based on the financial performance of their divisions. the south division normally sells to outside customers but, on occasion, also sells to the north division. when it does, corporate policy states that the price must be cost plus 20 percent to ensure a "fair" return to the selling division. south received an order from north for 300 units. south's planned output for the year had been 1,200 units before north's order. south's capacity is 1,500 units per year. the costs for producing those 1,200 units follow