Queen Elizabeth died on March 24, 1603
The best answer would be that "<span>The GNP rose dramatically and the United States changed from a debtor nation to a creditor nation" but the middle class definitely improved as well.</span>
The polis emerged from dark ages which followed the fall of the mycenaean civilization in Greece and by the 8th century bce a significant process of urbanization had begun
Answer:
Black Power began as revolutionary movement in the 1960s and 1970s. It emphasized racial pride, economic empowerment, and the creation of political and cultural institutions
Explanation:
The 1965 assassination of Malcolm X, coupled with the urban riots of 1964 and 1965, ignited the movement. New organizations that supported Black Power philosophies ranging from the adoption of socialism by certain sects of the movement to black nationalism, including the Black Panther Party (BPP), grew to prominence.
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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