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:
They were persecuted by the Church of England.
Explanation:
They were extreme Puritans, that is to say they disapproved of several of the rituals and practices of the Church of England that had been established by parliament at the beginning of Elizabeth I’s reign.
After the advent of Islam in the Arabian Peninsula in the 7th century, Islam started its expansion towards eastern regions through trade encouraged by the development of the maritime Silk Roads. Muslims were known to have a commercial talent notably encouraged by Islam, as well as excellent sailing skills.
Answer: B. The Ottoman Empire
Explanation: The Treaty of Sèvres (August 10, 1920) was the peace treaty between the Ottoman Empire and Allies at the end of World War I. The Treaty of Versailles was signed with Germany before this treaty to annul the German concessions including the economic rights and enterprises. Also, France, Great Britain and Italy signed a secret "Tripartite Agreement" at the same date.
