The marginal revenue is $0.5 which is being earned if the company sells one more pencil.
<h3>What is total revenue?</h3>
Total revenue is the amount being obtained by the firm after selling the goods and services in the market.
Given values:
Quantity sold: 10,000 units
Marginal quantity: 10,001 units
Equilibrium price: $0.50
Computation of marginal revenue earned:
Therefore, when the company sells one more pencil then it earned a marginal revenue of $0.50.
Learn more about the marginal revenue in the related link:
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Answer: The correct answer is "D. equal to MR, MC, and minimum ATC.".
Explanation: In long-run equilibrium, a purely competitive firm will operate where price <u>is equal to MR, MC, and minimum ATC.</u>
In perfect competition the companies are accepting price, therefore they will produce as long as the price is equal to the marginal cost and the marginal income thus ensures that the sale of each unit of product does not cost more than the profit obtained from the sale. of this and when the average total cost, that is, the total cost of producing each unit of product, is the least possible.
The question is incomplete:
McDonald's serves McRice Burger in Malaysia, McOZ Burger in Australia, Kiwi Burger in New Zealand, McHuevo Burger in Uruguay and McSamurai Burger in Thailand. These menu variations are examples of a:
a. A combination of global and local marketing mix elements
b. a selection of menu items that can be sold eventually in U.S. markets
c. A replacement of standard menu names with fancy names
d. a deviation from successful marketing practices
e. a reflection of failure of US menu items in those countries
Answer:
a. A combination of global and local marketing mix elements
Explanation:
The answer is that these menu variations are examples of a combination of global and local marketing mix elements because the company tries to position its products on a global scale but also adjusts its strategies locally to adapt the placement and distribution to the specific characteristics of each country.
The other options are not right because McDonalds is adjusting its offer in its market to be able to establish its position in that market and not to be able to sell the items in US markets or to replace standard menu names. Also, this is the result of analyzing how to better position in a new market and not a failure of US menu items in those countries.
In a market economy, like the one described in the question, there is the potential to achieve efficiency in production. This is because producers can choose what they produce and can focus on the products they are good at. This can help with economies of scale and efficiency.
<span>The most likely result from a layoff of factory workers in a town is that the unemployment rate will rise, at least temporarily. This is assuming the factory is in the US and all workers are full time. Other government services might also see an increase, such as food stamps, job training services, etc.</span>
