Give typing answer with explanation and conclusion  1.Sara knits 20 scarves and sells them for $25 each. What is her total revenue?   $50   $250   $45   $500

Q: Determine an effective marketing response to a change in the social-cultural • environment.

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A: Given, Total revenue = $1,400 Total cost = $900 Quantity = 200

Q: Calculate marginal revenue for Q = 5

A: Marginal revenue is the additional revenue a firm gets by selling an additional unit of output.

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Q: Do not use chatgpt

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Q: On the following graph, use the green point (triangle symbol) to plot the daily total revenue when…

A: Price is the amount of money or other valuable consideration that is given or asked in exchange for…

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Q: A firm collect $300 by selling 5 bicycle and collect $330 by selling 6 bicycle. Calculate the…

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Cost of Production

In economic theory, production costs are the costs incurred by an industrial organization when it engineers a project or provides a service that generates revenue and benefits. Labor costs, raw materials, consumable manufacturing costs, and general overhead sum up, accounting for production costs. Total cost data is calculated by combining total direct costs of materials, labor costs, and total production costs.