Ralph runs a small bakery in D.C. He is debating whether he should extend his hours...
Fantastic news! We've Found the answer you've been seeking!
Question:
Transcribed Image Text:
Ralph runs a small bakery in D.C. He is debating whether he should extend his hours of operation. He figures that his sales revenue will depend on the number of hours the bakery is open. This detail is shown below. Hours Open Onone of the above O 2 hours 3 hours 1 2 3 4 5 6 The hourly wage is $12/hour. How many hours should he stay open? O4 hours O 5 hours Revenue ($) 35 60 80 92 100 105 Marginal Revenue ($) Marginal Costs ($) Ralph runs a small bakery in D.C. He is debating whether he should extend his hours of operation. He figures that his sales revenue will depend on the number of hours the bakery is open. This detail is shown below. Hours Open Onone of the above O 2 hours 3 hours 1 2 3 4 5 6 The hourly wage is $12/hour. How many hours should he stay open? O4 hours O 5 hours Revenue ($) 35 60 80 92 100 105 Marginal Revenue ($) Marginal Costs ($)
Expert Answer:
Answer rating: 100% (QA)
marginal cast 10 1 hour 12 1 hour Thour X 12 12 Thour ... View the full answer
Related Book For
College Accounting A Contemporary Approach
ISBN: 978-0077639730
3rd edition
Authors: David Haddock, John Price, Michael Farina
Posted Date:
Students also viewed these accounting questions
-
N balls labeled 1 through N are placed in Box 1 while a Box 2 is initially empty. At each time instant, one of the N balls is chosen (with equally probability) and moved to the other box. Let X [k]...
-
Prove that A n is simple for n 5, following the steps given. a. Show A n contains every 3-cycle if n 3. b. Show An is generated by the 3-cycles for n 3. c. Let r and s be fixed elements of {l, 2, ...
-
N sources of current with different emf's are connected as shown in Fig. 3.40. The emf's of the sources are proportional to their internal resistances, i.e. ε = aR, where a is an assigned...
-
9. Let x = (1.11... 111000...) 26, in which the fractional part has 26 1's followed by O's. For the Marc-32, determine x, x+, f(x), x-xx-x, xx, and lx-fl(x)/x.
-
Dusty Company manufactures ceramic pottery. Budgeted sales for the first four months of the year are as follows: Budgeted Sales (Units)_____________ January...........6,300 February ..........7,800...
-
Use projection matrices to find a fundamental matrix solution x(t) = e At of each of the linear systems x' = Ax given in Problems 1 through 20. Problem 11 x = x - 2x2, x = 2x1 + x2; x (0) = 0, x2 (0)...
-
Jacobs, Jaohara and Jurd are partners in an importing business of JJJ Partners. The statement of financial position of the partnership as at 30 June 2025 is set out below. Required (a) Prepare the...
-
1. Treating Cost/Mile as the dependent variable, develop an estimated regression with Family-Sedan and Upscale-Sedan as the independent variables. Discuss your findings. 2. Treating Value Score as...
-
4. 5. In which of following conditions a real gas would behave ideally? (a) Low pressure and low temperature ha (b) At value of temperature equal to its Boyle's temperature (c) Between its critical...
-
The following cross tabulation shows the average speed of the 25 winners by year of the Daytona 500 automobile race (The 2013 World Almanac). a. Calculate the row percentages. b. W hat is the...
-
Schizophrenia is a multifaceted psychiatric disorder that is influenced by a confluence of genetic, neurological, and environmental determinants. The revised neural diathesis-stress model offers...
-
A shell and tube heat exchanger is made of a single shell with four tube passes. The hot fluid enters the heat exchanger at 96F and leaves at 82F. The cold fluid enters at 49F and leaves at 83F....
-
Pick a topic in the general area of thermal energy systems of interest to you and research the ethical issues associated with environmental impact and/or sustainability related to subject you...
-
Conduct a parametric study of the economic selection problem given in Problem 2.29. Plot the annual cost of systems A, B, and C as a function of the MARR for the range 0 MARR 25%. Discuss the...
-
On January 2, 20X6, Tim Brooks established a $500,000 trust at Wyndham National Bank, the income from which is to be paid to Mansfield University for general operating pur- poses. The Wyndham...
-
During the years ended June 30, 20X6, and 20X7, Sampson University conducted a diabetes research project financed by a $2,000,000 gift from an alumnus. This entire amount was pledged by the donor on...
-
Rextesla Industrial is a company which wants to raise 4 billion CHF by means of equity issuance. Using the last available financial statements, its free cash flow stands at 1 billion, and without the...
-
Several months have passed and the Managing Partner approved and properly filed the Complaint and properly submitted the Request for Production of Documents that you drafted. In fact, it has been 75...
-
On December 31, 2016, the Notes Payable account at Beth's Boutique Shop had a balance of $64,000. This amount represented funds borrowed on a six-month, 12 percent note from the firm's bank on...
-
Unmatched Elegance Gift Shop sells cards, supplies, and various holiday greeting cards. Sales to retail customers are subject to an 8 percent sales tax. The firm sells its merchandise for cash; to...
-
Which section of the income statement contains information about the purchases made during the period and the beginning and ending inventories?
-
Calculate the corporate income tax for each of the following corporate taxable incomes. For each, determine the effective (average) tax rate and the marginal tax rate. a. $12,000 b. $65,000 c....
-
Calculate the corporate income tax for each of the following corporate taxable incomes. For each, determine the effective (average) tax rate and the marginal tax rate. a. $22,000 b. $93,000 c....
-
The average tax rate on a corporate income of \(\$ 87,000\) is closest to which of the following? a. 15 percent b. 20.5 percent c. 25 percent d. 34 percent
Study smarter with the SolutionInn App