Choose the correct statement.
A. Marginal revenue equals total revenue divided by quant...
Business, 15.04.2020 20:13, finessinsam
Choose the correct statement.
A. Marginal revenue equals total revenue divided by quantity sold.
B. For a monopoly, marginal revenue equals price.
C. For a monopoly, total revenue equals marginal revenue multiplied by the quantity sold.
D. When price is lowered to sell one more unit, the lower price results in a revenue loss and the increased quantity sold results in a revenue gain.
Answers: 2
Business, 22.06.2019 21:10, kmacho9726
Krier industries has just completed its sales forecasts and its marketing department estimates that the company will sell 43,800 units during the upcoming year. in the past, management has maintained inventories of finished goods at approximately 3 months' sales. however, the estimated inventory at the start of the year of the budget period is only 7,300 units. sales occur evenly throughout the year. what is the estimated production level (units) for the first month of the upcoming budget year?
Answers: 3
Business, 22.06.2019 23:30, Wolfgirl2032
Mystic bottling company bottles popular beverages in the bottling department. the beverages are produced by blending concentrate with water and sugar. the concentrate is purchased from a concentrate producer. the concentrate producer sets higher prices for the more popular concentrate flavors. a simplified bottling department cost of production report separating the cost of bottling the four flavors follows:
Answers: 3
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