Why does marginal revenue decrease when total revenue increases? I understand how to calculate marginal revenue and total revenue and I've looked at images of the two curves but I don't understand the reason behind what's happening.
In: Economics
In the current business environment, industries are using the four management functions to deal with consistent change. Your role in this question is to assess how each of the four management functions are working (or not working) in either the entertainment or healthcare sector. You must use specific examples to highlight your understanding of each function and its applicability.
In: Nursing
In this forum, provide one example of a bi-racial person ... child / adult (in the media / sports / entertainment / etc) and provide a little bit of their historical background. Dig a little deeper & explore ways they managed or coped with race/ethnic issues in their childhood. Are there any cultural or racial connections to mental health issues? 150 words
In: Psychology
Consumers have gotten used to seeing products placed in movies and TV shows. We see cars, food, beverages, clothing, electronics, stores, and more on a regular basis inserted into entertainment.
Discuss product placement as a tactic in marketing. What are the advantages/disadvantages of this type of promotional tool compared to other types of advertising?
In: Operations Management
The travel-to-work time for residents of the 15 largest cities in the United States is reported in the 1998 Information Please Almanac. Suppose that a preliminary simple random sample of residents of San Francisco is used to develop a planning value of 6.25 minutes for the population standard deviation. If we want to estimate the population men travel-to-work time for San Francisco residents with a margin of error of 2 minutes, what sample size should be used? Assume a 95% confidence interval
In: Statistics and Probability
A taxicab company maintained accurate records of the expenses for one of its automobiles from January 1, 1996 through January 1, 2002. It is found from the records, the annual operating expense is $4,000. The maintenance and repair costs are $500 for 1996, $1,000 for year 1997, $1,500 for year 1998, and so on. What is the net present cost of owning and operating the automobile, if its initial price was $30,000 and the interest rate is 5%?
A. $72,171B. $23,838C. $49,387D. $58,826
In: Finance
Tronic Financial corporation is a financial services holding company headquartered in Ithaca,New York, that offers banking insurance and wealth management service. It pays cash dividends quarterly and also issues stock dividends periodically.
3. Tronic issued 9% stock dividends in 1995, 2003, 2005, 2006, 2010. In 1998, True issued a three-for-two split. If an investor purchased 800 shares in 1994, how many shares would the investor have in 2012?
In: Accounting
A company is evaluating a revenue arrangement to determine proper revenue recognition. The contract is for manufacturing 20 race cars. The customer needs the cars by May 1, 2021. The customer provides a bonus payment of $320,000 if all cars are delivered by the May 1 deadline. The bonus is reduced by a fourth of the total available bonus amount (i.e., reduced by $320,000 divided by 4) each week that the cars are delivered after the deadline until no bonus is paid if the cars are delivered after May 22nd, 2021. The company has good historical data for estimating the probabilities of completion at different dates. It estimates an equal probability (20%) for each full delivery outcome. How much should the company recognize as revenue related to this bonus?
In: Finance
The revenue and cost functions for a particular product are given below. The cost and revenue are given in dollars, and x represents the number of units .
R(x) = −0.8x2 + 704x
C(x) = 264x + 57120
(a) How many items must be sold to maximize the revenue?
________________
(b) What is the maximum revenue?
________________
(c) Find the profit function.
P(x) = ___________
(d) How many items must be sold to maximize the profit?
_______________
(e) What is the maximum profit?
________________
(f) At what production level(s) will the company break even on this
product? (Enter your answers as a comma-separated list.)
units
________________
In: Advanced Math
Explain revenue, marginal revenue, and marginal cost. Provide some examples.
In: Economics