Answer:
Marginal cost is the money paid for producing one more unit of a good. Marginal revenue is the money earned from selling one more unit of a good.
Explanation:
While revenue (which is also known as sales) refer to money earned from the sale of goods or rendering or service, cost refers to the expenses incurred in the process of generating the revenue.
Marginal in economics refers to additional unit and as such,
Marginal revenue is the amount earned from the sale of an additional unit of an item while
Marginal cost is the money paid or cost incurred in producing an additional unit of an item.
John White wrote about the new world (the Americas) in the 1500s
Answer:
<em>The correct option is C) The United States needed new markets for its goods. </em>
Explanation:
As the industrial revolution began in the 18th century, it became one of the major reasons for economic success of the United States. Rapid industrialization helped the people of United States to produce more goods. As a result, they started to look for new markets where there products could be sold. This increase in business raised the economic success of the people of United States.
Answer:
And this is me chillin and laying in bed :D
Explanation:
