Answer:
The correct answers are:
1. agreement
2. products
3. exporters
Explanation:
The North American Free Trade Agreement refers to a free trade zone between Mexico, Canada and the United States. This agreement permits reducing costs in order to promote the exchange of goods between these countries.
It represents an executive agreement of Congress, which is not subject to the practices of international law or subject to the laws of other nations.
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
<u>The light bulb</u> was an invention that
showed Europeans the advancements of
the United States in the 1800s.
<h3>Other inventions of the 1800s</h3>
The following are the other inventions within 1800s:
- 1834—Henry Blair, the second African American to receive a U.S. patent, invents the corn planter.
- 1834—Jacob Perkins invents and ether ice machine, a precursor to the modern refrigerator.
- 1835—Solymon Merrick patents the wrench.
- 1835—Charles Babbage invents a mechanical calculator
Therefore, the answer is option B. the light bulb.
Other options are either from Europe or are from the time earlier than 1800s.
learn more about American inventions in 1800s: brainly.com/question/6463555
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Answer:
Explanation:
The Communist Manifesto (1848).
Russo-Japanese War (1904-1905).
Bloody Sunday.
1905 Russian Revolution.
Vladimir Lenin.
World War I.
1917 Russian revolution
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