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:
Explanation:
Veterans day is the celebrated to honour the bravery and sacrifice of all US veterans. It is celebrated on Nov 11. Earlier it was known as armistice day and was declared as a holiday fro honouring the end of world war one on November 11,1918. It is a federal holiday in US, and hence government agencies and schools are closed on that day. Various other countries celebrate it as the Armistice day.
<em>It was on November 11, 1918 that armistice was signed and world war one came to an end. Next year Woodrow Wilson declared to call Nov 11 as Armistice day. It was changed to Veterans Day in 1954 to honour the veterans of Korean war and second world war. </em>
It was president Dwight D Eisenhower who officially proclaimed to celebrate the Veterans day and changed Armistice Day to Veterans Day, it was done in year 1954.
Answer:
The Chickasaw had a fairly democratic government. They called their chief the minko. Each clan was led by a minko and a council of elders. The minko then reported into the high minko that led the entire Chickasaw nation.
Explanation:
One major reason for the enterance of the United States into World War I was <span>to maintain freedom of the seas.</span>
Answer:
6. B. Theoracy
Explanation:
7. B. keep all the political power in their hands.
Their goal was to control every aspect of society. ABSOLUTE MONARCHS believed in DIVINE RIGHT (the idea that God created the monarchy and that the monarch acted as God's representative on earth.) An ABSOLUTE MONARCH answered only to God, not to his or her subjects.
