The Northwest Ordinance<span>, adopted July 13, 1787, by the Second Continental Congress, chartered a government for the </span>Northwest<span> Territory, provided a method for admitting new states to the Union from the territory, and listed a bill of rights guaranteed in the territory.</span>
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After the Allied invasion of France, Germany was conquered by the Soviet Union from the east and the other Allies from the west, and capitulated in May 1945. Hitler's refusal to admit defeat led to massive destruction of German infrastructure and additional war-related deaths in the closing months of the war.
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Wroclaw is located in western Poland along the Oder river. It has a population of 637,075. It was chosen as one of the European Capitals of Culture because of its multi-cultural heritage, including people of Czech, Polish, and German descent. Additionally, this city has a wide range of architecture seen in the houses, churches, and universities.
The US intelligence beforehand had deciphered messages laying out the Japanese plan.
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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