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gulaghasi [49]
3 years ago
8

Discuss the innovations and techniques that Henry Ford used in order to make automobiles more afordable

History
1 answer:
guapka [62]3 years ago
4 0

Answer: Assembly

Explanation:

The most prominent innovation and technique was the assembly line. This allowed products, especially his cars, to be produced at a much more rapid pace because people were trained specifically for one item which allowed them to be more accurate and productive along with ensuring that a car was always in production instead of just a single part of one.

Rock on dude

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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:

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  • 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

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