A firm in a competitive market receives $1,380 in total revenue and has marginal revenue of $30. The firm's average revenue is $___ and ___ units were sold.
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A firm in a competitive market receives $1,380 in total revenue and has marginal revenue of $30. The firm's average revenue is $30, and 46 units were sold.
In a competitive market, where multiple firms compete for sales and revenue, a firm's total revenue is determined by the average revenue multiplied by the number of units sold. Average revenue is calculated by dividing the total revenue by the number of units sold.
Given that the firm's total revenue is $1,380 and its average revenue is $30, we can use the formula:
Total revenue = Average revenue × Number of units sold
Substituting the given values:
$1,380 = $30 × Number of units sold
To find the number of units sold, we can rearrange the equation:
Number of units sold = Total revenue / Average revenue
Plugging in the values:
Number of units sold = $1,380 / $30
Number of units sold = 46
Therefore, the firm sold 46 units in the competitive market.
In a competitive market, a firm received $1,380 in total revenue with a marginal revenue of $30. With an average revenue of $30, it indicates that each unit sold contributed $30 to the total revenue. By dividing the total revenue by the average revenue, we find that the firm sold 46 units in the competitive market.
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Related Questions
Tiffany's Dilemma Tiffany graduated from college and needed to decide where she wanted to work. She had several options. Her aunt Martha owned and operated a small business that she started about twenty years ago. Martha, an individual owner of her business, informed Tiffany that she could work for her. On one hand, Tiffany thought it would be a great opportunity to be able to work for her aunt, learn the business, and then run the business when her aunt retires. On the other hand, she also felt that she wanted something a little more challenging; a job where she could really use her education. Her other option would be to work for a company that a friend and her husband had started and jointly owned. It was a rapidly growing company with plenty of opportunity for advancement. However, Tiffany had some reservations about this choice because she was not sure she wanted to work for friends. Her last option was to work for a large retail company, headquartered in Maryland, which had s
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Answer: that's a hard one lol let me try
Explanation:
one sec
Organizational training needs analysis Select one: a. focuses on the training needs of one specific work group. b. does not consider long- and short-term goals of the training. c. considers the cost-effectiveness of training programs. d. All of the above
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When a company engages in organization training needs analysis, they c. consider the cost-effectiveness of training programs.
Why would a company consider the cost-effectiveness of training programs?Organizational training is done to improve the effectiveness of a company's staff to enable them work to meet the goals of the organization.
The company therefore needs to assess if the cost of the training will pay off in the long term by equipping staff with the skills needed. If this cost is too high for its benefits, the training program is abandoned.
In conclusion, option C is correct.
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Large projects would have charge codes for the work package numbers to:
a. determine how the actual costs compare to the planned costs.
b. have resources be able to determine what tasks they should complete.
c. allow for cutting the budget as needed.
d. have a place for other projects to charge expenses.
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Large projects would have charge codes for the work package numbers to determine how the actual costs compare to the planned costs, option a.
Charge codes are unique identifiers assigned to each work package within a project. They are used to track the actual costs incurred for each work package and compare them to the planned costs. This allows project managers to identify any discrepancies and make necessary adjustments to the project plan to keep it on track. Charge codes also help resources determine what tasks they should complete and ensure that expenses are correctly charged to the project. They are not used for cutting the budget or for charging expenses to other projects.
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objectives refer to group of answer choices a. the means by which a marketing goal is to be achieved, usually characterized by a specified target market and a marketing program to reach it. d. a road map for the marketing activities of an organization for a specified future time period, such as one year or five years. c. statements of an accomplishment of a task to be achieved, often by a specific time. b. criteria or standards used in evaluating proposed solutions to a marketing problem. e. the detailed day-to-day operational decisions essential to the overall success of marketing strategies.
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Objectives refer to - a. The means by which a market-ing goal is to be achieve-d, usually char-acterized by a spec-ified target market and marketing prog-ram to reach it.
What are Marketing Objectives ?-Marketing objectives are the out-comes a brand wants to gen-erate from its marketing activities. They sho-uld be measur-able (and realistic) so that you can map out your eff-orts in a strategic and focus-ed way.
-Marketing object-ives are measurable goals that out-line what the end results of your market-ing strategy should be.
-The most effect-ive objectives should also align with your bus-iness plan and comp-lement your over-arching business goals.
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Food consumption varies around the world because of variations inANSWER:a) cultural preferences.b) level of economic development.c) all of these are responsible for variation in food consumption.d) physical conditions.
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Food consumption varies around the world due to a combination of factors including cultural preferences, level of economic development, and physical conditions.
1. Cultural preferences: Different cultures have unique cuisines and dietary practices based on their history, traditions, and beliefs. These preferences influence the types of food consumed in each region.
2. Level of economic development: In more economically developed countries, people typically have greater access to diverse food sources and can afford a wider variety of foods. In contrast, less developed countries may have limited food options due to financial constraints and lack of infrastructure.
3. Physical conditions: Climate, soil type, and availability of water can affect the types of crops grown in a region, which in turn influence the local food consumption. Some areas may have abundant resources, while others may face food scarcity due to unfavorable conditions.
In summary, food consumption varies globally due to cultural preferences, economic development, and physical conditions, which together shape the diverse dietary patterns observed around the world.
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How long had it been since boats were the only way on & off manahattan
Answers
Answer:
The previous day, Monday, September 10, 2001, had been a long night for the New York charter boat captain
Explanation:
Freitas was about to take part in what has become known as the 9/11 boat lift—the largest water evacuation in history and one of the uplifiting, if lesser-known, episodes of that terrible day when terrorists flew two passenger jets into the iconic Twin Towers—part of a multipronged attack on America A makeshift armada of about 150 commercial vessels of various types—tugboats, ferries, charter boats—would transport an estimated 500,000 people out of the disaster zone of lower Manhattan to safety in New Jersey and Brooklyn.
what is a compounding period?
Answers
Answer:
Compounding periods are the time intervals between when interest is added to the account.
Explanation:
Interest can be compounded annually, semi-annually, quarterly, monthly, daily, continuously, or on any other basis.
a) From the following list, decide which items are human needs and which wants:
luxury house
Shelter
Coca-Cola
car
clean water
designer jeans
clothing.
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Answer:
needs: shelter, clean water, clothing
wants: luxury house, coca cola, designer jeans
Explanation:
while the rest are pretty straightforward a car is only a want because you don't necessarily need it, there are public transport
Needs:
Shelter
Clean Water
Clothing
Wants:
Luxury House
Coca-Cola
Car
Designer Jean
what are the three stages of the cell cycle in order?
Answers
The correct answer is The interphase (G1, S, and G2), mitotic phase (mitosis and cytokinesis), and G0 phases make up the cell cycle.
The set of alterations that a cell goes through, leading to its development and division into two daughter cells, is known as the cell cycle. Interphase and mitosis are the two stages of the cell cycle. In humans, a cell takes 24 hours on average to go through its two stages. Chromosomes and other cell components duplicate to create two copies of themselves during the course of the cell cycle, which consists of a number of phases. The cell then divides into two daughter cells, giving each one a copy of the duplicated material. The cell cycle is complete when each daughter cell has its own outer membrane around it.
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can someone help me i have no how to do this is tyyyy!!
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Answer:
im bad at math sry
Explanation:
i have an f in math lolll
why do we promote the use of PECS w some clients who communicate using words but still have speech, language, or social communication delays?
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Accessibility, independence, inclusiveness and reinforcement are the reasons due to which the use of PECS is promoted for clients who communicate using words but still have speech, language or social communication delays.
Picture Exchange Communication System (PECS) is used to promote communication in individuals with speech, language, or social communication delays.
The reasons for using PECS have been explained below:
1. Accessibility: PECS provides a visual means of communication that can be accessed more easily by individuals with communication difficulties. This is particularly true for individuals with speech or language delays who may struggle to verbally express their wants and needs.
2. Independence: PECS allows individuals to initiate communication and make choices independently, increasing their sense of control and empowerment.
3. Inclusiveness: PECS can be used in a variety of settings, making it a versatile tool for promoting communication in social situations where verbal communication may be challenging.
4. Reinforcement: PECS can be used to reinforce communication and encourage individuals to continue developing their skills. The use of PECS can also promote positive reinforcement by allowing individuals to receive tangible rewards for their communication efforts.
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Explain why socialist societies do not use a circular flow chart.
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Which statement best illustrates the relationship between three different
elements of the circular flow of products?
A. Product markets offer labor to businesses, which creates jobs for
households.
B. Resource markets sell goods to product markets, which sell the
goods to businesses
C. Households pay wages to businesses, which can then set up
product markets.
D. Businesses create goods for product markets, which sell them
directly to households.
Answers
Answer: is D
Explanation:
The statement, businesses create goods for product markets, which sell them directly to households, is best illustrates the relationship between three different elements of the circular flow of products.
What is a circular flow?
The most popular version of this model displays the circular flow of revenue between the consumer and business sectors. The product market and the resource market are placed between the two.
Consumer spending is the mechanism through which households' money flows to the market for goods and services when they are in need of them. The product market purchases goods and services from companies and sells them to households, making a profit.
As a result, option (d) is correct.
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Market competition is described as a:
A. Full contact sport
B. None of these
C. Survival of the fittest
D. No holds barred
Answers
Answer:
Survival of the fittest
Explanation:
Survival of the fittest, term made famous in the fifth edition (published in 1869) of On the Origin of Species by British naturalist Charles Darwin, which suggested that organisms best adjusted to their environment are the most successful in surviving and reproducing. Darwin borrowed the term from English sociologist and philosopher Herbert Spencer, who first used it in his 1864 book Principles of Biology. (Spencer came up with the phrase only after reading Darwin’s work.)
Which statement about digital payments is true?
A. Digital payments require users to have a bank account.
B. Biometric authentication is making digital payments safer.
C. Few sellers accept digital payments.
D. The Internet has made digital payments a thing of the past.
Answers
The correct statement about digital payments is biometric authentication is making digital payments safer.
What are digital payments?Digital payment is when money or some other form of value is transferred from one party to another party using digital means. Digital means include POS, mobile phones and laptops.
Biometric authentication is when the use of biometrics is used to determine if the person attempting to make a digital payment is the actual owner of the account. Biometric authentication have prevented fraud.
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3. ______ are defined as goods or services that are required for health and safety.
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Occupational Health and Safety are defined as goods or services that are required for health and safety. Information standards are guidelines governing the information that must be provided to consumers when they purchase specific goods.
What is the safety of goods?A safe product is one that delivers either no risk or a minimum tolerable level of risk, taking into account the product's typical or reasonably foreseeable use and the need to maintain a high level of consumer protection.
Occupational health and safety is a multidisciplinary discipline that deals with all elements of workplace health and safety, with a heavy emphasis on preventing workplace dangers.
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rates of crime and ice cream sales are strongly correlated. a psy 1001 student would interpret that amusing fact as .
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Yes, that is a plausible interpretation.
High temperatures have been shown to have a positive correlation with both increased ice cream sales and higher crime rates, so it's possible that hot weather could be the underlying factor driving the correlation between crime and ice cream sales. However, it's also important to note that correlation does not equal causation and other factors could be at play. Further research would be necessary to determine the true nature of the relationship between these variables.
"Rates of crime and ice cream sales are strongly correlated. A Psy 1001 scholar would interpret that amusing fact as most likely due to the effect of a third variable, hot wheather"
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Allocate $249,000 net income by providing annual salary allowances of $66,000 to Ries, $56,000 to Bax, and $80,000 to Thomas; granting 10% interest on the partners' beginning capital investments; and sharing the remainder equally.
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Answer:
Some information was missing: Ries invested $80,000 , Bax invested $112,000, and Thomas invested $128,000.
allocation of profits:
Ries = $66,000 + ($80,000 x 10%) = $74,000
Bax = $56,000 + ($112,000 x 10%) = $67,200
Thomas = $80,000 + ($128,000 x 10%) = $92,800
total = $234,000
remaining profits = $249,000 - $234,000 = $15,000 / 3 = $5,000
total allocation of profits:
Ries = $79,000Bax = $72,200Thomas = $97,800total = $249,000How does the truth lending act impact/benefit Lenders
Answers
The Truth in Lending Act (TILA) protects you against inaccurate and unfair credit billing and credit card practices. It requires lenders to provide you with loan cost information so that you can comparison shop for certain types of loans.
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Organizational purpose serves as the basis for an organization's ______.
core values
culture
mission
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Organizational purpose serves as the basis for an organization's mission. The mission is a clear and concise statement that defines the reason for the organization's existence, its goals, and the strategies to achieve those goals.
A well-crafted mission statement should be relevant, inspiring, and achievable. It should capture the essence of the organization's purpose and communicate it to all stakeholders, including employees, customers, suppliers, investors, and the community at large.
The mission statement provides a sense of direction and focus for the organization's activities, and it serves as a guidepost for decision-making and resource allocation. In essence, the mission is the "what" of the organization's purpose, while the core values and culture represent the "how" of achieving that purpose.
Therefore, it is essential to have a clear mission that aligns with the organization's purpose to drive its success.
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Select the correct answer.
Kruger Motors Inc took a loan from a bank of $1,000,000 on June 1, 2010. The loan was to be repaid in five years. Kruger's accounting year end is on December 31. Where will this loan amount feature in the company's balance sheet as of December 31, 2014.
A. fixed assets
В. current assets
C. long-term liabilities
D. current liabilities
Answers
Answer:
C
Explanation:
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2. Code: Eat Dinner Use All Cathy All Tea Eat Dinner-Gill Use Eat Snake Snort
3. Code: All Limp Wimp Any Yeti Snakes C
Explain what a trade war is
Answers
Answer: A trade war happens when one country retaliates against another by raising import tariffs or placing other restrictions on the other country's imports.
Explanation:
If a country has received Most Favored Nation (MFN) status from the WTO, which statement is accurate?
A.
The country pays 50 percent more on all existing tariffs within the WTO.
B.
The country gets special tariff rates from new WTO members as they join the WTO.
C.
The country gets the same tariff rates that all WTO members give each other.
D.
The country pays 50 percent less on all existing tariffs within the WTO.
E.
The country gets special tariff rates from NAFTA members.
Answers
Answer:
c
Explanation:
i took a test and it had this question and i got it right
Anika, a division manager, is purchasing materials to ensure she has enough to meet customers' demands. Anika is engaging in the ________. A) planning function B) directing function C) controlling function D) decision function
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Anika, a division manager, is purchasing materials to ensure she has enough to meet customers' demands. Anika is engaging in the directing function. Thus, the correct option is B.
What is Directing function?Directing function can be said to be a process in which the managers instruct, guide, and oversee the performance of all the workers of the organization to achieve predetermined goals. Directing function is said to be the heart of the management process in an organization. Planning, organizing, staffing have got no importance if the direction function does not take place properly.
There are four primary elements of the directing function which include supervising, motivating, leadership, and communication. The importance of Directing function include initiating actions, ensures co-ordination, improves efficiency, facilitates change and assists stability and growth.
Therefore, the correct option is B.
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Jim Smith borrowed $2,000 at a 6% add on rate for two years What is the finance charge ? Show your calculations below.
Answers
Answer:
the finance charge is $420
Explanation:
Finance charge constitutes Interest cost to be paid on the loan. Interest compensate the lender for forgoing the alternative of investing the money elsewhere.
Annual finance charge :
Interest charge = $2,000 x 6% = $120
After two years :
Interest charge = $120 x 2 = $420
Therefore, the finance charge is $420.
The Department of Physical therapy at King Abdullah's Hospital have a need for an upgrade to their existing information system to make use of the new inventions and technology in the field. Mr. Fahad is the IT manager at the hospital, and he assigned the new project to Mr. Salem which will be the project manager of the new proposed system. Mr. Salem immediately conducted several meetings with the analysts at the IT department to gather information, discuss and assign tasks and responsibilities and to develop a plan for the project. The new system is to be called Physical Therapy Centralized Application Service (PTCAS). It should include several needed functions that will help the staff as well as management. After meeting the health workers at the department, Mr. Salem and his team have reached the following conclusions: the new system should allow the physiotherapist to retrieve the full history of the patient and display it in one screen with the ability to expand any section to see further details. Upon examining the patient, the system should record the details of each visit of the patient which include current and previous treatment plans, his/her vital signs (heart rate etc.) and the physiotherapist conducting the examination. During each visit, if it was the first session then the physiotherapist will write a S.O.A.P note using the system and will write a progression note otherwise. Writing the S.O.A.P note goes as follows: first the therapist will enter his ID, then the system will show the information of the current patient (according to the time of appointments) such as his/her age, occupation, and any history of injuries. Then the therapist will examine the patient and enter his/her assessment into the system, the therapist will enter the assessment of multiple parts of the body first (such as upper/lower body) then will enter detailed information about the chief complaint of the patient such as pain description, pain location, patterns that make pain worse, stiffness level of affected muscle. Then the system will provide a suggestion treatment plans, and the therapist could choose a pre-defined treatment plan or could enter a new one. writing a progression note goes as follows: the therapist will enter his/her ID, then the system will show the S.O.A.P note along with the patient's history. then the therapist will examine the chief complaint of the patient and enter his/her assessment into the system (including the aforementioned details). Then a the therapist will make adjustment to the treatment plan if necessary. Then the system will show the full history and the treatment plan, so that the therapist can inform the patient. The system also should allow the physiotherapists to create and update treatment plans for the patients. A physiotherapist could create many different treatment plans and a patient could only have one plan at a time. When creating a treatment plan, the physiotherapist has the option to include an experimental new treatment plan for the patient which will require the patients consent (done electronically through the system). A treatment plan for a patient includes details such as required sessions, effected area/body part, current diagnosis and prescriptions. The system should also help with the scheduling of work by providing the ability for managers to create schedules for the physio therapists, it should help make the department more efficient by organizing and dividing the workload. Each physiotherapist has an assigned schedule, which the system should keep track of the hours worked for each therapist and if a worker has clocked more than the assigned schedule states, the manager will be notified. Also, each month, the department has an assessment meeting, and the managers need a workload report before the meeting to help them with the assessment.
Answers
The Physical Therapy Centralized Application Service (PTCAS) is a proposed information system that aims to enhance patient care and management at King Abdullah's Hospital.
The Department of Physical Therapy at King Abdullah's Hospital requires an upgraded information system to leverage new inventions and technology in the field. Mr. Salem has been assigned as the project manager for the new system, named Physical Therapy Centralized Application Service (PTCAS). After meetings with analysts and health workers, several conclusions have been reached. The PTCAS system will allow physiotherapists to retrieve a patient's full history and display it in a comprehensive format. It will record details of each visit, including treatment plans, vital signs, and the examining physiotherapist. For first sessions, therapists will write S.O.A.P notes, documenting assessment details and suggesting treatment plans. Progression notes will be written for subsequent sessions, with adjustments made to the treatment plan if necessary. The system will enable physiotherapists to create and update treatment plans, including the option for experimental plans with patient consent.
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If a country's birth rate is 15 per 1,000 population per year and the death rate is 10 per 1,000 population per year, what is
the annual population growth rate?
5 per 1,000
10 per 1000
15 per 1,000
25 per 1,000
Answers
Which document will show the book value of a company’s equipment at the end of a fiscal year
Answers
Answer: Balance Sheet
What is an introductory APR and how does it compare to a standard APR?
Answers
Answer:
The introductory APR is the interest rate that the loan or credit card starts out at..(usually a promotional tool)and the standard rate is what the rate normally is.. the set rate
Explanation:
Choose a real or made up example of a company, and describe at least three fixed costs the company has. (1-3 sentences. 1.5 points)
Answers
Answer:
Dominos also has many fixed costs. Some examples include rent, ovens, and refrigerators.
Explanation:
The fixed cost remains the fixed it never be changed.
Fixed cost;It is the cost that should be the same whether the production level increased or not. If we take an example of dominos, so here the fixed cost could be in form of rent, ovens, refrigerators. It is the part of the organization expense.learn more about the fixed cost here: https://brainly.com/question/2339078