Answer:
Marginal revenue is $2.99
Explanation:
A monopoly is defined as a situation where a single supplier determines the price and amount of a good that will be supplied.
Marginal revenue is defined as the additional revenue that is earned from increased unit of sale of a product.
The initial revenue earned is 100 units* $4= $400.
The present revenue is 101 units* $3.99= $402.99
Therefore the additional revenue is 402.99-400= $2.99
Answer:
bureaucratic organizations
Explanation:
Bureaucratic organizations -
It is a form of management with a pyramidal command structure , it is a very organized form of management , having formality , is known as bureaucratic organisations .
They are the one with high efficiency with strict control and command .
hence ,
The correct term for the given statement is bureaucratic organizations .
Answer:
Please find the detailed answer as follows:
Explanation:
International trade provides many benefits:
1. Technology differences, some countries are capital intensive and some are labor intensive. So the countries produce the good according to their intensivity. And export and import take place which is beneficial for the countries.
2.differentiated products.
When trade take place between the countries, then all the opportunity to consume different products. And countries produce their goods according to their labor and capital ratio and produce different variety of goods.
3.Specialisation in production
Countries specialise in the goods in which they have a comparative advantage.
Answer:
1. b.Excess Supply
2. e.Equilibrium Quantity
3. c.Equilibrium
4. a.Equilibrium Price
5. d.Excess Demand
