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:
Democracy is government in which power and civic responsibility are exercised by all adult citi- zens, directly, or through their freely elected rep- resentatives. Democracy rests upon the principles of majority rule and individual rights. ... Fair, frequent, and well-managed elections are essential in a democracy.
Despite Sequoyah<span>these efforts, white people in Georgia and other southern states that abutted the Cherokee Nation refused to accept the Cherokee people as social equals and urged their political representatives to seize the Cherokees' land. The purchase of the Louisiana Territory from France in 1803 gave U.S. president Thomas Jefferson an opportunity to implement an idea he had contemplated for many years—the relocation of the eastern tribes beyond the Mississippi River.</span>
Answer:
The safavid empire was in close proximity to major trade routes which promoted cultural blending. The merchants constantly travelled to new areas and they then exported to Russia many items and goods.
Explanation:
Answer: Canals.
Explanation: Well technically speaking, both are Egyptian, but hieroglyphic scripts were developed in Mesopotamia, so that would leave the canals.
