The increase in the company's products in one unit will increase Marginal Revenue to increase by $100 and Marginal Cost to increase by $120.
<h2><u>Marginal Revenue and Marginal Cost</u></h2><h3>Marginal Revenue</h3>
It is referred to as the change in the revenue value due to the selling of an additional product. In the question given above, the revenue for producing 100 units is $10,000 ($100 x 100 units). So, when 1 additional unit is produced the extra revenue earned is $100 ($10,100 - $10,000). Therefore, the marginal revenue is $100.
<h3>Marginal Cost</h3>
It is referred to as the extra cost for producing an additional unit. In the given scenario, the cost for producing the 100 units is $8,000 (100 units x $80). When producing an additional unit the cost goes up to $8,120. Therefore, the marginal cost for producing an additional unit is $120 ($8,120 - $8,000).
<h3> The Bottom Line</h3>
Companies used the details on marginal revenue and marginal cost to:
- Determine Ideal production levels
- Calculate their profitability rate
- Prepare plans to remain competitive and profitable
Hence, the Marginal Revenue and Marginal Cost for one additional unit are $100 and $120 respectively.
Learn more on Marginal Revenue and Marginal Cost here: brainly.com/question/16615264
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The correct answer to this open question is the following.
You forgot to include the options for this question. However, we can say the following.
Some Romans believed that an empire would better serve Rome’s needs than a Republic because "The emperor could make decisions quickly without our having to convince others."
When the Roman Republic was established in 509 BCE, the system was based on democracy and the creation of rules to serve the people. The Senate was an important institution for the Roman Republic and the Roman law influenced other legislations until the modern-day era. However, the desire for control, power, and greed, changed things in Rome and the Emperor dropped the democratic system and created absolutists and centralized system in which only the Emperor was the one who imposed his will over the entire Empire.
The central issue was reconstructing the nation after the Civil War.
