The increase in the company's products in one unit will increase Marginal Revenue to increase by $100 and Marginal Cost to increase by $120.
<h2><u>Marginal Revenue and Marginal Cost</u></h2><h3>Marginal Revenue</h3>
It is referred to as the change in the revenue value due to the selling of an additional product. In the question given above, the revenue for producing 100 units is $10,000 ($100 x 100 units). So, when 1 additional unit is produced the extra revenue earned is $100 ($10,100 - $10,000). Therefore, the marginal revenue is $100.
<h3>Marginal Cost</h3>
It is referred to as the extra cost for producing an additional unit. In the given scenario, the cost for producing the 100 units is $8,000 (100 units x $80). When producing an additional unit the cost goes up to $8,120. Therefore, the marginal cost for producing an additional unit is $120 ($8,120 - $8,000).
<h3> The Bottom Line</h3>
Companies used the details on marginal revenue and marginal cost to:
- Determine Ideal production levels
- Calculate their profitability rate
- Prepare plans to remain competitive and profitable
Hence, the Marginal Revenue and Marginal Cost for one additional unit are $100 and $120 respectively.
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Answer:
The Europeans reinforced the idea that citizens could have little or no say in the government.
Cultural renaissance began in northern Italy, concentrated in Florence, Giotto, who gradually broke through the rigid art of the Middle Ages, making the works more vivid three-dimensional works. It then spread to the south, the impact of Rome is particularly large, and Rome is largely by the Renaissance Pope reconstruction. The Italian Renaissance reached its heyday in the late 15th century, when foreign invasions plunged the entire region into chaos. However, the idea of the Renaissance with the ideal spread to other parts of Europe, opened the Northern Renaissance and the Renaissance of England and so on.
<span>Because he fought for a popular cause.
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