$9 is the marginal revenue for forty first unit.
The increase in revenue that comes from selling one more unit of output is known as marginal revenue. Although marginal revenue can remain constant at a certain level of output, it will eventually start to decline as the output level rises due to the law of diminishing returns.
According to economic theory, firms that are completely competitive keep on producing goods until marginal revenue and marginal cost are equal. Multiple situations call for the usage of marginal revenue. Businesses examine the market's client demand for items using historical marginal revenue data. Additionally, they set the most effective and efficient pricing using the information. Last but not least, businesses rely on marginal revenue to better comprehend estimates; from this data, future production schedules, such as planning for material requirements, are then derived.
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Answer:
B) The public is wary of sharing confidential information after a recent spate of credit card scandals.
Explanation:
There are several advantages of click-only companies, especially that they are able to offer lower prices since they don't need to support the costs of brick-and-mortar stores.
But the whole idea of selling through the internet is based on the customers' trust on new technologies and they specially dislike when the new technologies fail, e.g. when a hacker discloses the accounts and passwords of millions of users.
Answer:
Blu-ray discs are normal goods and DVDs are inferior goods.
Explanation:
A normal commodity is a product that is experiencing a growth in its consumption due to the increase in the earnings of the customers. A standard good, sometimes named a required good, does not relate to the price of the commodity but rather to the degree of demand for both the product in response to rises or decreases in wages.
On the other hand, An inferior product refers to the product whose value reduces as customer wages increase, unlike regular products in which the reverse is observed. Standard products are those products to which output grows as market spending decreases.
Answer:
Share your vision with them. Let employees know our plans for your company and your products and services. ...
Keep them in the loop. ...
Involve them in the launch of new products. ...
Reward them for building relationships with customers.
Explanation: