This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: Scenario 1-2Suppose a hat manufacturer currently sells 2,000 hats per week and makes a profit of ... (Read 80 times)

imanialler

  • Hero Member
  • *****
  • Posts: 539
on: Oct 5, 2019

Scenario 1-2

Suppose a hat manufacturer currently sells 2,000 hats per week and makes a profit of $5,000 per week. The plant owner observes, "Although the last 300 hats we produced and sold increased our revenue by $1,000 and our costs by $1,100, we are still making an overall profit of $5,000 per week so I think we're on the right track. We are producing the optimal number of hats."



Refer to Scenario 1-2. Using marginal analysis terminology, another economic term for the incremental revenue received from the sale of the last 300 hats is


◦

sales revenue.


◦

gross profit.


◦

gross earnings.


◦

marginal revenue.

InMicro ¦ Hubbard, O'Brien ¦ 1st Edition
Buy Test-Bank


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by imanialler on Oct 5, 2019

matt

  • Sr. Member
  • ****
  • Posts: 344
Reply #1 on: Oct 5, 2019
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
Answer Preview
Only 50% of students answer this correctly


imanialler

  • Hero Member
  • *****
  • Posts: 539
Reply #2 on: Oct 5, 2019
TY


matt

  • Sr. Member
  • ****
  • Posts: 344
Reply #3 on: Oct 5, 2019
You're welcome


« previous next »
 

Did you know?

More than 50% of American adults have oral herpes, which is commonly known as "cold sores" or "fever blisters." The herpes virus can be active on the skin surface without showing any signs or causing any symptoms.

Did you know?

Hyperthyroidism leads to an increased rate of metabolism and affects about 1% of women but only 0.1% of men. For most people, this increased metabolic rate causes the thyroid gland to become enlarged (known as a goiter).

Did you know?

Though the United States has largely rejected the metric system, it is used for currency, as in 100 pennies = 1 dollar. Previously, the British currency system was used, with measurements such as 12 pence to the shilling, and 20 shillings to the pound.

Did you know?

Women are 50% to 75% more likely than men to experience an adverse drug reaction.

Did you know?

Addicts to opiates often avoid treatment because they are afraid of withdrawal. Though unpleasant, with proper management, withdrawal is rarely fatal and passes relatively quickly.

A two-week-old red squirrel A two-week-old red squirrel
What makes tea so good What makes tea so good
Holy Week in Spain Holy Week in Spain
Most PCV valves used on newer vehicles are secured with fasteners, which makes it more difficult ... Most PCV valves used on newer vehicles are secured with fasteners, which makes it more difficult ...
Six-week embryo showing development of hand and foot plates Six-week embryo showing development of hand and foot plates
Bag of hats and caps grade 1 reading Bag of hats and caps grade 1 reading
Video: Interview with an Anorexic Woman (Part 1 of 2)

For a complete list of videos, visit our video library