Answer:
d) $300
Explanation:
<em>Marginal revenue is the extra revenue from a resource the extra revenue earned from the use of additional unit of a given resource for production purpose. It is calculated as the increase in total revenue as a result of utilizing one additional unit of a factor of production.</em>
Marginal revenue = total revenue from 85 units - total revenue from 70 units
Marginal revenue = ($20 × 85) - ($20× 70)
= $300
Answer:
comparative advantage
Explanation:
Comparative advantage in finance is crucial for production because it helps nation to manufacture their goods with low opportunity cost compare to their co- partner in that production line.
Production which is an essential aspect in economics is a process of turning raw materials into finished goods are very crucial in each nation of the world and for economic process to be completed.
It should be noted that When nations increase production in their area of comparative advantage and trade with each other, both sides can benefit from it.
Answer:
deficits are incurred during recessions and surpluses during inflations
Explanation:
Discretionary fiscal policies are deliberate steps taken by the government to stimulate the economy in order to cause the economy to move to full employment and price stability more quickly than it might otherwise.
Discretionary fiscal policies can either be expansionary or contractionary
Expansionary fiscal policy is when the government increases the money supply in the economy either by increasing spending or cutting taxes. These policies are carried out in a recession when the government wants to increase total spending
Contractionary fiscal policies is when the government reduces the money supply in the economy either by reducing spending or increasing taxes
. These policies are carried out in periods of inflation when the government wants to reduce money supply in the economy
Answer:
Perfect Competition, Monopolistic Competition, Oligopoly, Monopoly
Explanation:
In perfect competition, many sellers are competing to sell an identical product. The market has very many small suppliers. No single supplier dominates the market, meaning no seller has the power to influence the price. The market has very many buyers as well. Suppliers have the freedom to enter or exit the market with ease.
Monopolist competition has very many sellers selling similar but differentiated products. Due to the differentiated aspect, sellers can set the prices for their products. The market has very many buyers.
An oligopoly is where a few big suppliers dominate the market. The oligopoly market may have other smaller suppliers whose market share is a small percentage. Oligopoly may stock or manufacture identical or differentiated products.
A monopoly is where a dominant supplier is selling a particular product without competition. Only one supplier is selling that type of product. An oligopoly can sell lifetime solutions through books.
Answer:
C. A type of servant leadership in which clients and front-line personnel are at the top of the organizational hierarchy.
Explanation:
Inverting the pyramid is a management theory in which employees are empowered and have freedom to make decisions. They do not have to rely on top-down management where decisions are only made at the top and then passed down.
This type of management gives high consideration to opinions of employees and also clients.
