subject
Business, 17.11.2020 07:00 plshelp8227

Question 3 A car manufacturer notices that they can sell 11 cars at £18,200, but in order to sell 12 cars they have to
drop the price to £17,400. The marginal cost of producing the 12th car is £9,000. Which of the following
statements is correct?
a) The marginal revenue from selling the 12th car is £18,200.
b) The loss in total revenue of increasing the total number of cars sold from 11 to 12 cars is £800.
c) The marginal revenue when the output is 11 cars is £8,600.
d) The firm should increase its output to maximise its profits.

ansver
Answers: 2

Another question on Business

question
Business, 22.06.2019 01:20
What cylinder head operation is the technician performing in this figure?
Answers: 1
question
Business, 22.06.2019 11:10
Which of the following is an example of a production quota? a. the government sets an upper limit on the quantity that each dairy farmer can produce. b. the government sets a price floor in the market for dairy products. c. the government sets a lower limit on the quantity that each dairy farmer can produce. d. the government guarantees to buy a specified quantity of dairy products from farmers.
Answers: 2
question
Business, 22.06.2019 21:30
Providing a great shopping experience to customers is one of the important objectives of purple fashions inc., a clothing store. to achieve this objective, the company has a team of committed customer service professionals whose job is to ensure that customers get exactly what they want. this scenario illustrates that purple fashions is trying to achieve
Answers: 1
question
Business, 23.06.2019 00:00
Asap! the following information is given for tripp company which uses the indirect method.
Answers: 1
You know the right answer?
Question 3 A car manufacturer notices that they can sell 11 cars at £18,200, but in order to sell 1...
Questions
question
Mathematics, 13.02.2020 18:55
Questions on the website: 13722367