Answer:
D. Copper is a scarce resource, which increases its value.
Explanation:
Scarcity determine how much a certain type of resources is available. When the resources become less available, The price of that resources tend to increase.
Since producing copper is way harder than producing plastic, Producer needs a way to accommodate the bigger efforts that they need to make to produce the copper. This justify why the price of copper is higher.
Answer:
An advisory board
Explanation:
An advisory board is an entity which provides non-binding strategic advice to a company, organization, or foundation management. The informal existence of an advisory board allows the board of directors greater flexibility in structure and management compared to that.
Answer:
Marginal revenue is $2.99
Explanation:
A monopoly is defined as a situation where a single supplier determines the price and amount of a good that will be supplied.
Marginal revenue is defined as the additional revenue that is earned from increased unit of sale of a product.
The initial revenue earned is 100 units* $4= $400.
The present revenue is 101 units* $3.99= $402.99
Therefore the additional revenue is 402.99-400= $2.99
<span>Buyer normally pays the transportation costs</span>
In the elastic portion of the demand curve.
