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:
In many ways, the U.S. and Texas Constitutions are similar documents. They both embody the principles of representative democratic government, in which sovereignty emanates from the people. Both contain a bill of rights that protects civil liberties from government infringement
Explanation:
Answer:
Election of Abraham Lincoln
Omg it’s actually just 25 points I’m totally getting robbed but anyways Chile The Answer is
Answer: C. He believed that schools and colleges were needed to educate the people about the government.
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