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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
Answer:
Citizen participation refers to the citizens' involvement in their country's government. In an autocracy, there is often very little citizen participation. The power lies solely in the government, most likely in just one person. One example of an autocratic government is a monarchy. In which, the King or Queen holds all the power. Citizen participation is not a priortiy in this form of government. In an oligarchy, a group of people are in control. Usually, this group is a higher/richer class. A democratic government, however, involves more citizen participation than arguably any other government form. In a democratic system, the citizens make most of the important decisions. Presidents, represenatives, law-makers, etc. are all elected by the citizens.
Fine soil found on the bottom of rivers is called silt.
A. Jackson's attacks showed how weak Spain was in Florida is the correct alternative.
In 1818, Andrew Jackson's hunt for the Red Sticks ended up causing international affairs and diplomacy problems. This happened because the invaded land was Spain's territory and got invaded without any official cause or declarations of war.
Despite the controversy the invasion actually ended up turning Andrew Jackson into a hero and forced the signature of the Adams-Onís Treaty, in 1919. The treaty officially transferred the Florida region to the U.S. from Spanish domain. These events were important for this resolution because even though Spain was angered with the 1818 invasion, it showed their inability to retaliate or conquer back the land. Therefore, the only viable option was for the Spanish to sign the treaty and cede Florida, showing how fragile and unable to the defend the land by the Spanish, relinquishing their last piece of land in the Americas.
