Table 15-4 -Refer to Table 15-4

question 53

Short Answer

Table 15-4
$$\begin{array} { | l | l | } \hline \text { Quantity } & \text { Price } \\\hline 10 & \$ 46 \\\hline 20 & \$ 42 \\\hline 30 & \$ 38 \\\hline 40 & \$ 34 \\\hline 50 & \$ 30 \\\hline 60 & \$ 26 \\\hline 70 & \$ 22 \\\hline 80 & \$ 18 \\\hline 90 & \$ 14 \\\hline 100 & \$ 10 \\\hline\end{array}$$
-Refer to Table 15-4. The marginal revenue, when the quantity changes from 30 to 40 units, is

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Definitions:

Fixed-Cost Fallacy

Consideration of costs that do not vary with the consequences of your decision (also known as the sunk-cost fallacy).

Depreciation Costs

The allocation of the cost of a tangible asset over its useful life, representing the decline in value due to wear and tear, age, or obsolescence.

Opportunity Cost

The cost of forgoing the next best alternative when making a decision or choosing to pursue a particular action.

Accounting Costs

Costs that appear on the financial statements of a company.