The total cost<span> of producing 101 units is $204. The average </span>cost<span> of producing 100 units is $2, or $200/100; however, the </span>marginal cost<span> for producing the 101st unit is $4, or ($204 - $200)/(101-100). The </span>marginal revenue<span> measures the change in the </span>revenue<span> that arises when one additional unit of a product is sold.</span>
Answer:
Factors of production are the resources people use to produce goods and services; they are the building blocks of the economy. Economists divide the factors of production into four categories: land, labor, capital, and entrepreneurship.
With the help of explorer and sea captain, Vasco de Gama, Portugal set up a trading empire in the Indian Ocean. The Portuguese were motivated to find an alternate sea route to obtain the goods of Asia, instead of paying heavy sums to Italian merchants, who worked and sold these goods throughout the Mediterranean Sea before. Vasco de Gama made several trips to the area and helped develop the Portuguese Trading Empire in the region. His first trip lasted two years and started in 1497, he was to make several return trips.
The air pollution makes the caribou unhealthy, and this makes them more vulnerable to predators and diseases.
Specifically, the food the caribou digest (for example lichens) absorb the pollution dispoportionally, which means that the caribou ingest many unhealthy particles.
