The marginal revenue is $0.5 which is being earned if the company sells one more pencil.
<h3>What is total revenue?</h3>
Total revenue is the amount being obtained by the firm after selling the goods and services in the market.
Given values:
Quantity sold: 10,000 units
Marginal quantity: 10,001 units
Equilibrium price: $0.50
Computation of marginal revenue earned:
Therefore, when the company sells one more pencil then it earned a marginal revenue of $0.50.
Learn more about the marginal revenue in the related link:
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Answer:
A. skills-based diversity training
Explanation:
Based on the information provided within the question it seems that Phillip is using skill based diversity training in this scenario. This refers to a training approach that focuses on dealing with diversity in multiethnic workforces and providing the necessary skills to solve various types of problems within them. Which is exactly what is happening in this situation.
The fee is called an "excess mileage fee" she she has driven more miles than she was allowed in her lease agreement.
Answer:
Viatical settlements may sound great on the surface but they present a lot of unique risks. Follow-on Investment Risk – some life policies are fully paid for, but many require you to continue to pay premiums for many years (or all the way up to the death of the insured).
Explanation:
Answer: none of the above.
Explanation:
The Engle curve shows the relationship that takes place between the income of a consumer and the quantity of a particular good purchased.
From the question we are informed that the income consumption curve between good x and good y has a negative slope, this implies that good Y is an inferior good and that it has a negative income elasticity.
Also, since the Engle curve of good X has a positive slope, it implies that good X is a normal good.
Therefore, the answer to the question is "none of the above" as all options are true.
