Business
Business, 02.03.2021 01:10, jdale8369

b. Calculate the actual cost, revenue and profit to produce and sell the 10th ounce of the commodity. Then use the marginal functions approximate the cost, revenue and profit to produce and sell the 10th unit. Compare the results by filling in the blanks. Using the marginal cost function, the approximate cost to produce the 10th ounce is 2 Correct: Your answer is correct. dollars. Producing the 10th ounce of the commodity actually costs 2 Correct: Your answer is correct. dollars. So our approximation was perfect. Correct: Your answer is correct. Using the marginal revenue function, the approximate revenue from the sale of the 10th ounce is 3.81 Incorrect: Your answer is incorrect. dollars. The actual revenue from the sale of the 10th ounce of the commodity is Incorrect: Your answer is incorrect. dollars. So our approximation was high. Correct: Your answer is correct. Using the marginal profit function, the approximate profit from the production and sale of the 10th unit is Incorrect: Your answer is incorrect. dollars. The actual profit from the production and sale of the 10th ounce of the commodity is Incorrect: Your answer is incorrect. dollars. So our approximation was

answer
Answers: 3

Other questions on the subject: Business

image
Business, 22.06.2019 10:30, foreignlove1039
When sending a claim to an insurance company for services provided by the physician, why are both icd-10 and cpt codes required to be submitted? how are these codes dependent upon each other? what would be the result of not submitting both codes on a medical claim to an insurance company?
Answers: 2
image
Business, 22.06.2019 20:50, ineedhelpireallydo
Power plants that rely on coal increase the amount of sulfur dioxide that dissolves into the air, eventually increasing the acidity of precipitation. the higher acidity of rain and snow can damage forests by making it more difficult for plants to absorb minerals from the soil. the equations below provide information about the market demand and supply of electricity. there is a constant marginal external cost of $25 per unit of electricity. d: qd= 200 – 2ps: qs=p – 10what quantity of electricity satisfies allocative efficiency in this market? a. 60b. 70c. 50d. 43.3
Answers: 2
image
Business, 22.06.2019 22:30, chad65
Which of the following situations is most likely to change a buyer's market into a seller's market? a. a natural disaster that drives away a lot of the population. b. the price of building materials suddenly going up. c. the government buys up a lot of houses to build a new freeway. d. a factory laying off a lot of workers in the area.
Answers: 1
image
Business, 22.06.2019 23:10, najsha
Which of the following best explains the purpose of a strike? a. to pressure employers to increase the minimum wage. b. to make sure that producers don't make any profit. c. to get employers to submit to collective bargaining. d. to prevent employers from taking industrial action.
Answers: 2
Do you know the correct answer?
b. Calculate the actual cost, revenue and profit to produce and sell the 10th ounce of the commodity...

Questions in other subjects:

Konu
History, 05.02.2020 06:51