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Juli2301 [7.4K]
3 years ago
14

What was north dakota before it became a state?

History
1 answer:
lukranit [14]3 years ago
4 0
The answer to the question is the Minnesota territory  
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You own a company that produces widgets (an economic term frequently used to represent any product manufactured in a market). Yo
frez [133]

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

3 0
2 years ago
What was the significance of the quartering act?
babunello [35]

Answer:

Explanation:

The Quartering Act of 1765 required the colonies to house British soldiers in barracks provided by the colonies. If the barracks were too small to house all the soldiers, then localities were to accommodate the soldiers in local inns, livery stables, ale houses, victualling houses and the houses of sellers of wine.

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Who was the Confederacy’s primary trading partner during the Civil War?
Anika [276]
The Confederacy’s primary trading partner was England. They traded cotton bails
5 0
3 years ago
In the 1800s, how did farmers on the prairie handle the difficult soil?
ycow [4]
I believe the answer is: <span>They used steel plows and other new forms of technology.

Prior to this invention, the farmers only rely on the buffalo's step or manual hooes to process the field and left the part where the soil composition is too hard to process.  This of course resulted in lower amount of production that the farmers obtain per area of their farms.</span>
4 0
3 years ago
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