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Darya [45]
3 years ago
13

Pennsylvania citizen who questioned parliament's right to tax the colonists without their consent. Who was it?

History
1 answer:
Fudgin [204]3 years ago
8 0
The Pennsylvanian citizen who questioned the parliament's right to tax the colonists without their consent was Benjamin Franklin.
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7. If a monopolist increases the selling price of a good from $20 to $30, then what is the marginal revenue?
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Answer:

$10.

Explanation:

The key word here is a "monopolist", or an individual/company that has complete control over a certain amount of market.  Marginal revenue, as defined, is an increase in revenue that results from the sale of one additional unit of output.

This is important to note, in that <em>usually when a price is raised, as long as there is comparable quality with competitors who have lower prices, an increase of price will typically lower demand for the product(s) from that individual supplier. </em>However, in holding a monopoly, <em>no matter how much or little they change the prices, as the product is in demand, the market demand would not change as much assuming all things stay the same</em> (i.e., natural demand is still the same amount as before the price change).

So, for example, that there is a natural demand for computer chips. You as well as your company, is the only company that makes computer chips, or at least you make the majority of the computer chips (>90%). This typically means that, if no other company or government has the means to be able to achieve adequate production of computer chips, and as computer chips are important in everyday products and a part of human life now, then an increase of price by $10 is justifiable under the Nature of Demand. The marginal revenue then, would be $10 (the amount increased).

Learn more about revenue, here:

brainly.com/question/13873790

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Answer:

True

Explanation:

In November 1832, the Nullification Convention met. The convention declared that the tariffs of 1828 and 1832 were unconstitutional and unenforceable within the state of South Carolina after February 1, 1833. They said that attempts to use force to collect the taxes would lead to the state's secession.

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