If the market price for a chair is $24 and the marginal cost for the chai is $7, the marginal revenue from the chair would be? if the market price for a chair is $24 and the marginal cost for the chair is $7, the marginal revenue from the chair would be $24. if product price is constant, marginal revenue is the same as price. [ as long as the price of a product is constant, price and marginal revenue are the same. ]
Answers (1)
Know the Answer?
Not Sure About the Answer?
Find an answer to your question ✅ “If the market price for a chair is $24 and the marginal cost for the chai is $7, the marginal revenue from the chair would be? if the ...” in 📘 Business if you're in doubt about the correctness of the answers or there's no answer, then try to use the smart search and find answers to the similar questions.
Search for Other Answers
You Might be Interested in
The expected costs to make replacements, alterations, or improvements to a building that materially prolong its life and increase its value is referred to as collection losses. A) operating expenses. B) capital expenditures. C) vacancy losses.
Answers (1)
Sabas Company has 20,000 shares of $100 par, 1% non-cumulative preferred stock and 100,000 shares of $50 par common stock.
Answers (1)
When a country's labor market is in equilibrium in the specific factors model, the wage rate Group of answer choices will be higher in the sector where product price is lower. will be the same in both sectors.
Answers (1)
Green Enterprises buys a warehouse for $600,000 to use for its East Coast distribution operations. On the date of the purchase, a professional appraisal shows a value of $620,000 for the warehouse.
Answers (1)
In organizations where a majority of workers perform repetitive operations, there is often a lack of ... Group of answer choices a management hierarchy. administrative oversight. purpose. job security.
Answers (1)
New Questions in Business
According to the scans report, what name is given to the three basic skill sets that employees must have if they are going to be the best employees?
Answers (1)
Factory Overhead Costs During May, Bergan Company incurred factory overhead costs as follows: indirect materials, $8,800; indirect labor, $6,600; utilities cost, $4,800; and factory depreciation, $9,000.
Answers (1)
Which of the following is a problem that arises in a health insurance market? There exists a fierce competition between the insurance providers. There are a large number of buyers of various insurance programs.
Answers (1)
Sally received $50,000 of compensation from her employer and she received $400 interest from a corporate bond. What is the amount of Sally's gross income from these items? A) $400 B) $50,000 C) $50,400
Answers (1)
What are corporate stocks? A) Corporate stocks are where the financial records of corporations are stored. B) Corporate stocks are the total accumulation of goods and services that a corporation has available for sale to consumers.
Answers (1)