Answer:
B) $4.67
Explanation:
By definition marginal revenue is the revenue generated by the sale of one more unit of product Z.
Marginal revenue = unit price
Since firm X participates in a perfectly competitive market, it is a price taker, and since the marginal revenue is constant, we can assume that this is the equilibrium price of product Z.
Answer:
A. All of these 3 other possible answers that are listed here are true reasons.
Explanation:
If we are to use wage the rate of change in wages or inflation, as a proxy for inflation in the economy, when there is unemployment, the number of persons searching for work is significantly greater than the number of jobs available for the people who are unemployed. What we mean is, the supply of labor is greater than the demand for it.
With the availability of many workers, there's little need for employers to "bid" for the services of employees by paying them good wages.
Getting rid of old stuff to people who want it instead of throwing it away.
The purpose of Microeconomics is to match supply and demand among the producers and consumers of society as a whole.
<h3>What is microeconomics?</h3>
Microeconomics is the study of decisions made by people and businesses regarding the allocation of resources, and prices at which they trade goods and services.
Examples of microeconomics include:
- Supply
- Demand
- Competition
- Prices of goods
Hence, Microeconomics aims at matching supply and demand among the producers and consumers of society as a whole.
Learn more about microeconomics here : brainly.com/question/8648375
Option B. Nowadays, many of the huge factories and industries <u>Would be unable</u> to function if there was no adequate electric power.
<h3>What is electric power?</h3>
The rate of electrical energy transmission over an electric circuit per unit of time is measured as electric power in physics. P stands for power, which is denoted and measured using the SI unit of power, the watt, or one joule per second. Electric batteries and electric generators are frequently used to produce and supply electricity.
The speed at which energy is converted into an electrical circuit or used to produce work is known as electric power. It is a way to quantify how much energy is consumed over a certain period of time.
Read more on electricity here: brainly.com/question/24786034
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