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
I am pretty sure it is d.) basketball and football.
Answer:
The answer is
Explanation:
Global spread of US culture through the entertainment industry.
The statement, <em>American Individualism was sufficient to promote America's emergence as an industrial power in the late 19th century is </em><em>true</em> since it's associated with American Individualism with a view of freedom to achieve based upon one's talents, abilities, and ambition. It is reflected during the 18th century and 19th Century when Europe first experienced a dramatic rise in technological inventions which ushered the Industrial Revolution. It increased individual wealth, productivity, and technology led to the emergence of urban centres. Serfs and peasants were expelled from their ancestral lands thus flocking into the cities in search of factory jobs, thus increasing the city populations of cities which became increasingly diverse
<span>Social darwinism and laissez faire economics were most closely associated with the interests of big business owners. Big business owners had the most to gain from embracing such tactics. With social darwinism and laissez faire these business owners could prevent the government from trying to regulate them and they could take out rival companies and potentially monopolize whichever market they operated in.</span>
