Answer:
$10.
Explanation:
The key word here is a "monopolist", or an individual/company that has complete control over a certain amount of market. Marginal revenue, as defined, is an increase in revenue that results from the sale of one additional unit of output.
This is important to note, in that <em>usually when a price is raised, as long as there is comparable quality with competitors who have lower prices, an increase of price will typically lower demand for the product(s) from that individual supplier. </em>However, in holding a monopoly, <em>no matter how much or little they change the prices, as the product is in demand, the market demand would not change as much assuming all things stay the same</em> (i.e., natural demand is still the same amount as before the price change).
So, for example, that there is a natural demand for computer chips. You as well as your company, is the only company that makes computer chips, or at least you make the majority of the computer chips (>90%). This typically means that, if no other company or government has the means to be able to achieve adequate production of computer chips, and as computer chips are important in everyday products and a part of human life now, then an increase of price by $10 is justifiable under the Nature of Demand. The marginal revenue then, would be $10 (the amount increased).
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Answer:
Arlington National Cemetery
Explanation:
Veterans Day wreath-laying at the Tomb of the Unknown Soldiers.
I'm sorry if I wasn't much help
Answer: Equal Pay Act
Explanation:
The Equal Pay Act was signed into law by President Kennedy in 1963 in response to a wage gap between men and women that had began to escalate out of control.
In 1960 it was estimated that women working the same jobs as men earned less than two-thirds of what their male counterparts earned and pressure from various organizations finally enabled the Act to pass through Congress.
While it is illegal to pay women less than men for similar jobs, the trend continued but has seen massive improvements as a result of the Act and will continue to.
Answer:
Pool
Explanation:
Given that pool is a term in business that is used to describe a form of the agreement made by the members of the pool with the fundamental purpose of retaining powerful control over prices. It involves producers of similar products that wish to standardize the product prizes.
Hence, in this case, a POOL is a group of businesses that make an informal agreement to cooperate in controlling a market or industry.
