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).
Learn more about revenue, here:
brainly.com/question/13873790
Answer:
C
Explanation:
He was awarded the Medal of Honor for saving 8 soldiers in Vietnam.
Answer:
The main way Parliament tried to limit the power of the King was by making executive orders and declarations to limit the power under the votes.
Explanation:
<span>Assuming that this is referring to the same list of options that was posted before with this question, <span>the correct response would be "elderly voters," since these are the people most likely to vote (far more so than young voters). </span></span>
I love music! The reason being is that I feel music can clear your mind if your sad, mad, or even stressed.
