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.
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Answer:
1. The ruler will not keep an army of his own.
2. British troops would be stationed permanently in the Indian ruler's territory.
3. The ruler would have to pay for the maintenance of these troops. The payment could be made in cash or kind, or by ceding a part of the ruler's territory.
4. It was compulsory for the Indian ruler to house a British resident in his court.
5. The ruler could not employ any non-British Europeans in his service or dismiss those who were there.
6. The ruler had to acknowledge the dominion of the British.
Answer:
Yes.
Explanation:
"A sedimentary rock can become an igneous rock by melting and solidification. What's one other, more indirect, way a sedimentary rock become an igneous rock by becoming a metamorphic rock first."
Answer: The Reconstruction Era lasted from the end of the Civil War in 1865 to 1877. Its main focus was on bringing the southern states back into full political participation in the Union, guaranteeing rights to former slaves and defining new relationships between African Americans and whites. What were the social and political effects of Radical Reconstruction in the South? ... Southern governments were then formed The newly formed southern governments established public schools, but they were still segregated and did not receive enough money to assist them. Black literacy rates improved but not drastically.
Explanation:
