You own a company that produces widgets (an economic term frequently used to represent any product manufactured in a market). You currently produce 100 widgets; each widget sells for $100 and costs $80 to produce. You are considering increasing your company’s production by one unit, upping the total to 101 widgets. At this level of production,total revenue will increase to $10,100, and total cost will increase to $8,120.What is the marginal revenue and the marginal cost of making this change?

A.)MR=$10,000 and MC=8,000

B.)MR=$100 and MC=$120

C.)MR=$10,100 and MC=8,120

D.)MR=$100 and MC=$80

Answers

Answer 1

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.

Marginal Revenue and Marginal CostMarginal Revenue

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.

Marginal Cost

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).

The Bottom Line

Companies used the details on marginal revenue and marginal cost to:

Determine Ideal production levelsCalculate their profitability ratePrepare plans to remain competitive and profitable

Hence, the Marginal Revenue and Marginal Cost for one additional unit are $100 and $120 respectively.

Learn more on Marginal Revenue and Marginal Cost here: https://brainly.com/question/16615264


Related Questions

what specific states supported maritime exploration in this time period? give specific examples of states and what they did to support exploration

Answers

England (manufactured products), the 13 colonies (manufactured products), Portugal (agricultural products), Spain (agricultural products), the Netherlands (animal products), France (animal products and manufactured products), and the coast of Africa (slave trade) – all empires supported the Columbian Exchange and the slave trade.

What is Slave?

Being a slave, who is unable to leave their employer and is viewed as the enslaver's property, is both the status and the condition of being an enslaved person. Slavery often entails the forced performance of some kind of labor on the part of the enslaved person, as well as the enslaver's control over the enslaved person's dwelling or location. Many historical instances of slavery happened because the slaves broke the law, incurred debt, or lost a war; other types of slavery were established along demographic lines, such as race. Enslavement may last a person for all of the time or for a specific amount of time until they are liberated.

To learn more about slave from the given link

https://brainly.com/question/17214427

#SPJ4

the major factor that delayed texas annexation until 1845 was:____

Answers

The major factor that delayed Texas annexation until 1845 was the issue of slavery.

Texas had gained independence from Mexico in 1836 and sought to be annexed by the United States. However, the annexation of Texas was a contentious issue in the United States due to the debate over the expansion of slavery.At the time, Texas was a slave-holding territory, and its annexation would upset the balance between free and slave states in Congress. Northern states opposed the annexation of Texas because it would likely lead to the expansion of slavery and increase the political power of slaveholding states in the Senate. As a result, the issue of Texas annexation became highly politicized and divided along sectional lines. It took several years of political maneuvering and negotiations before Texas was finally annexed by a joint resolution of the United States Congress in 1845, making it the 28th state of the Union.Therefore, the major factor that delayed Texas annexation until 1845 was the controversy and debate over the expansion of slavery.

To know more about United States Congress, click here https://brainly.com/question/13965478

#SPJ11

What protects the rights of U.S. citizens?

A. Florida Declaration of Rights
B. Bill of Rights

Answers

Answer:

Bill of Rights

Explanation:

The bill of rights was passed to protect our rights

public opera houses, where anyone could purchase entry, first appeared during the ______.

Answers

Public opera houses, which enabled anyone to purchase entry, first emerged during the Renaissance period.

This development revolutionized the accessibility of opera, previously reserved for the elite.

During the Renaissance period, which spanned from the 14th to the 17th century, there was a renewed interest in the arts and a flourishing of cultural movements.

Opera, a combination of music and theater, had been primarily performed in court settings and exclusive private residences for the aristocracy and nobility.

However, in the late 16th century, the concept of public opera houses began to emerge. These venues, such as the Teatro San Cassiano, opened their doors to the general public,

breaking down the barriers that had previously prevented the common people from experiencing opera. This marked a significant shift in the accessibility and availability of opera as an art form.

The establishment of public opera houses allowed individuals from different social classes to attend performances by purchasing tickets.

This democratization of opera transformed it into a form of entertainment that catered to the tastes and interests of a broader audience. People from various walks of life could now appreciate the fusion of music, drama, and visual spectacle that opera offered.

Public opera houses played a vital role in nurturing and expanding the popularity of opera.

They served as cultural hubs, where people could gather and share in the experience of this captivating art form. The accessibility of opera through public opera houses not only enhanced its reach but also contributed to its continued development and influence.

To learn more about opera click here:

brainly.com/question/31537153

#SPJ11

The threat of foreign intervention to restore Louis XVI to the throne cause the French
Revolution to?

Answers

I’m thinking it caused the French Revolution to become more radical
The correct Become more racial

The explorer Vasco was finally able
to go to India around the southern tip of
Africa.
A Henry the Navigator
B. Dias
C. da Gama
D. Columbus

Answers

The answer is C. Da Gama

How did U.S. Westward Expansion and the Election of 1860 create discontent that would lead to Civil War?

Answers

Answer:

The Election of 1860 demonstrated the divisions within the United States just before the Civil War. The Constitutional Union Party was also new, 1860 was the first and only time the party ran a candidate for president. The results of the 1860 election pushed the nation into war.

Explanation:

:)

why was louis leprince unable to make a copyright claim for the camera he invented?

Answers

He developed a 16 lens camera in 1886 and submitted an application for an American copyright on November 2 of that year; he was granted this patent in the beginning of 1888. On November 16, 1888, he was granted a British copyright for his invention.

Who is the real inventor of movies?

The majority of Americans think that Thomas Edison created the motion picture in 1891 using the Kinetoscope device. The first professional motion picture screening was held in Paris in December 1895, and Auguste and Louis Lumière are credited with initiating this development in France.

What is the name of the first film that was protected by copyright?

The Edison Kinetoscope Recording of a Sniffle, January 7, 1894, commonly known as Frederick Ott's Sneeze, is the first copyrighted motion picture still in existence. It documents Fred Ott, an employee of Edison, as he sneezes making a funny sneeze for the camera.

To know more about copyright visit:

https://brainly.com/question/13561875

#SPJ4

Q7 Unique among the rulers of this time, Persian emperors
O
O tolerated local cultures and laws
O wielded absolute power
O maintained an extensive army
installed governors in their provinces

Answers

Wielded absolute power

aristotle says that the action which constituttes the mean between the extremes will not be the same for every individual

Answers

The statement "Aristotle says that the action which constitutes the mean between the extremes will not be the same for every individual" is false because Aristotle actually argues the opposite.

According to Aristotle's concept of the doctrine of the mean, he asserts that the virtuous action, which lies between the extremes of excess and deficiency, is determined by reason and is the same for every individual in a given situation. Aristotle believes that moral virtue is a state of character that aims at the mean between extremes.

This mean is not determined subjectively or arbitrarily by each individual, but rather it is determined objectively based on rational deliberation and the understanding of what constitutes a virtuous action in a particular circumstance. Aristotle emphasizes that the mean is not an exact mathematical midpoint, but rather a relative balance that varies depending on the situation, the statement is false.

To learn more about Aristotle follow the link:

https://brainly.com/question/31628063

#SPJ4

The correct question is:

Aristotle says that the action which constitutes the mean between the extremes will not be the same for every individual

True or False

list evidence which shows the importance of the yam to ibo culture. what is the purpose of the feast of the new yam?

Answers

The yam holds significant importance in the Ibo culture for various reasons. Firstly, yams are a staple food and a primary source of sustenance for the Ibo people. They symbolize wealth and social status, as a large yam harvest signifies prosperity and success.One key piece of evidence highlighting the importance of the yam to the Ibo culture is the Feast of the New Yam.

The yam holds a significant place in Ibo culture, as it is considered to be the king of all crops. There are various pieces of evidence that showcase the importance of the yam to Ibo culture, such as the fact that the yam is the first crop to be harvested each year, and the Ibo people hold a feast called the "New Yam Festival" to celebrate its harvest. During this festival, the Ibo people express gratitude to the gods for the successful harvest of the yam crop. Additionally, the yam is also used in various cultural rituals and ceremonies, and it is believed that the yam represents fertility, prosperity, and abundance. Overall, the yam is deeply ingrained in Ibo culture and serves as a symbol of their traditions, beliefs, and way of life.

Additionally, the Feast of the New Yam is an annual event in Ibo culture that marks the beginning of the harvest season. This celebration serves multiple purposes, such as expressing gratitude to the earth goddess, Ani, for a successful harvest, and promoting communal unity among the villagers. During the feast, people share and enjoy yams, which are prepared in various ways, highlighting their importance in Ibo cultural practices.

Learn more about yams here:

https://brainly.com/question/14593988

#SPJ11

How did this film try to motivate people on the home front? by explaining in detail what would happen if their efforts failed by showing how rationing and Victory gardens helped the war effort by demonstrating the sacrifice soldiers were making for the nation by suggesting that workers were as important as soldiers for winning the war

Answers

Answer:

The answer is d I had the feeling it was pressed it and tada it was d <:

Explanation:

Answer:

d

Explanation:

Do you feel the policies and treaties between Native Americans and the United States government regarding western lands were fair? Explain

Answers

The policies and treaties between Native Americans and the United States government regarding western lands were unjust for the following reasons: government policies consistently favored settlers' interests over Native Americans'.

Although the term "Native American" has been widely used in the United States, some Native Americans prefer the terms "American Indian" or "Indigenous American." Native Americans frequently have personal preferences for how they want to be addressed.

"Native Americans" (as defined by the US Census) are indigenous tribes from the contiguous United States, as well as Alaska Natives.

To know more about Native American, click here.

brainly.com/question/8678061

#SPJ1

The French were convinced to support the American war against the British after the Americans won the Battle of

Answers

The French were convinced to support the American war against the British after the Americans won the Battle of Trenton.

Answer:

Trenton

Explanation:

Who proved that all matter is made of elements?
1. Issac Newton
2. Andreas V.
3. Robert Hooke
4. Antonie Van L.
5. Robert Boyle
6. Antonie Lav.

Answers

John Dalton proved that all matter is made of elements.

Who is John Dalton?

John Dalton was an English scientist who lived between the period of 1766 and 1844. His work proved that matter is composed of an indivisible small particle called an atom.

Hence, John Dalton proved that all matter is made of elements.

Learn more about John Dalton here: https://brainly.com/question/12555971

#SPJ2


3. How did Whitney influence later inventors?

Answers

Answer:

Based in part on his reputation for creating the cotton gin, Whitney later secured a major contract to build muskets for the U.S. government. Through this project, he promoted the idea of interchangeable parts–standardized, identical parts that made for faster assembly and easier repair of various devices.

Explanation:

HOPE IT HELPS

THANKS

Competitive societies are always fighting, so what do they develop?

Answers

Competitive societies tend to develop a strong drive for success, innovation, and progress. The constant fighting and competition within these societies foster a culture of striving for excellence and pushing the boundaries of what is possible.

What does a competitive society mean?

it relates to rivalry and which is usually characterized by an urge to compete. Sufficiently low in price or high in quality to be successful against commercial rivals.

This can lead to advancements in technology, science, and business, as individuals and companies work tirelessly to gain an edge over their rivals.

However, the downside to such a competitive environment is that it can also lead to a lack of cooperation and collaboration, as everyone is focused solely on their own success. This can hinder progress in areas that require collective effort and can lead to social and economic inequality.

Read more about Competitive society at https://brainly.com/question/30515631

#SPJ11

what is affonso requesting? what reasons does he give to support his request?

Answers

Affonso, in a letter to King John of Portugal in 1526, requested that the Portuguese government should stop the practice of enslaving Africans and selling them as slaves. He argued that this practice was immoral and went against the teachings of Christianity.

Affonso provided several reasons to support his request. He argued that the slave trade was a factor in the population decline in Africa and that it was upsetting the social structure naturally. In Addition, he made note of the fact that thousands of people were being held in slavery even though many of them were innocent and had done no crimes. Additionally, he argued that the slave trade was damaging Portugal's reputation and relationship with other nations, as it was seen as a cruel and unjust practice.

Affonso's letter is significant as it represents one of the earliest known efforts to abolish the slave trade, and reflects a growing awareness among some Europeans of the immorality of enslaving people. His plea was mostly ignored, the slave trade continued for several more centuries, and millions of Africans were forcibly uprooted from their homes and sold into slavery as a result.

Learn more about Affonso :

https://brainly.com/question/29355498

#SPJ4

help pls pretty pls pls pls

help pls pretty pls pls pls

Answers

Answer:

wow, Cant comprehend what I just saw...

Explanation:

my brain is burnt.

Answer : I don’t know to any one of them

which of the following was a result of the low wages paid by factories in the late 1800s​

Answers

An increase in Child Labor due to not being able to pay adults, so they saw children as the best suitable option for 1.Free Labor and 2. No pay.

Which did the Mothers of the Plaza de Mayo do? Select three responses. Increase populist programs support the government campaign for human rights challenge government power fight for truth and democracy

Answers

Answer:

C, D, and E.

Explanation:

campaign for human rights

challenge government power

fight for truth and democracy

Mothers of the Plaza de Mayo helped to:

Campaign for human rights.Challenge government power.Fight for truth and democracy.

Who are the mothers of Plaza de Mayo?

In Buenos Aires, the Mothers of the Plaza de Mayo is known too be the union of women who were said to have lost their children or their grandchildren as a result of the Dirty War.

Note that due to their campaign that was said to have called on international attention to see the plight of the disappeared persons, they were able to get some justices.

Learn more about human rights from

https://brainly.com/question/1261546

Which of the following historical events most greatly affected both the U.S. and Canada?

A. the civil rights movement
B. the Great Depression
C. the British North America Act
D. the Civil War

Answers

Answer:b

Explanation:because they were near each other

PLEASE HELP
What are some short and long term effects of the scientific revolution?

Answers

Answer:

Scientific progress became associated with optimistic ideas about the inevitability of progress and the attainments of a generalized happiness for all mankind.

Abigail Adams did not take an interest in important social issues.
True or False?

Answers

I think that it’s true not for sure

Answer:

False

Explanation:

Abigail Adams was one of only two women to have been both wife and mother to two U.S. presidents (the other being Barbara Bush). Often separated from her husband due to his political work, the self-educated Abigail oversaw the family’s household and largely raised their four children on her own, all the while maintaining a lively lifelong correspondence with her husband on the political issues of the day. She was also famous for her early advocacy of several divisive causes, including women’s rights, female education and the abolition of slavery.

What was an achievement of the Maurya Empire?
A
the unification northern India
on
the adoption and spread of Islam
с
the defeat of the Mongolian Empire
D
the creation of the Silk Road trade route
please answer!! doing an assessment

Answers

Answer:D

Explanation:

trade

How did communist take control of the government in China?

Answers

On October 1, 1949, Chinese Communist leader Mao Zedong declared the creation of the People's Republic of China (PRC). ... After the Japanese invaded Manchuria in 1931, the Government of the Republic of China (ROC) faced the triple threat of Japanese invasion, Communist uprising, and warlord insurrections.

all of the following were effects of the haitian revolution except,

Answers

The success of a Haitian Revolution was directly related to Napoleon's backing of enslaved Haitians.

What is haitian revolution?

The Haitian Revolution was a series of battles involving slaves, colonists, the forces of a British and French conquerors, and several other parties between 1791 and 1804. Through the battle, the Haitian people were able to free themselves from French rule, making it the first nation to be established by former slaves. The Haitian Revolution is referred to as the A successful uprising by self-liberated slaves under French colonial control took place in Saint-Domingue, which is today the independent state of Haiti (French pronunciation: Haitian Creole: revolisyon ayisyen). The uprising started on August 22, 1791, and it ended with former colony's independence in 1804. Participants included people of colour, people of mixed races, French, Spanish, British, and Poles, with former slave Toussaint Louverture emerging arguably Haiti's most important commander.

To know more about haitian revolution visit :

https://brainly.com/question/20493579

#SPJ4

Why did Jamestown struggle in its earliest stages?
OA. The colonists settled on land that was marshy and hard to farm.
OB. The colonists arrived during a very long and cold winter.
OC. The colonists chose to search for gold rather than growing crops.
OD. The colonists refused to seek help from Indigenous peoples.

Answers

Answer: :)

Explanation:

The settlement became the first permanent English settlement in North America. Why did the colonists at Jamestown struggle in the beginning? Famine, disease and conflict with local Native American tribes in the first two years brought Jamestown to the brink of failure before the arrival of a new group of settlers and supplies in 1610.

I think B because the Cole brought diseases and hard working conditions? Not sure though

what factors may have led to the mexican american war (1846-1848) and what were the legacies and consequences of that war?

Answers

The factors that may have led to the Mexican - American War include:

Annexation of TexasBorder disputes

What is the legacy of the Mexican - American War ?

The annexation of Texas by the United States in 1845 was a major trigger for the war. There were ongoing border disputes between Mexico and the United States, mainly centered around the boundary of Texas.

The war ended with the signing of the Treaty of Guadalupe Hidalgo in 1848. Under this treaty, Mexico ceded a vast amount of territory to the United States, including present-day California, Nevada, Utah, Arizona, New Mexico, and parts of Colorado, Wyoming, Kansas, and Oklahoma.

The war marked a major territorial expansion for the United States, extending its boundaries to the Pacific Ocean.

Find out more on the Mexican American war at https://brainly.com/question/5342067

#SPJ4

These people, places, and innovations played a major role in revolutionizing America's


A) communications industry.
B) meat-packing industry.
C) agricultural production.
D) steel and iron industry.


-Andrew Chase
-Gustavus Swift
-Chicago, Illinois
-Refrigerated box car

Answers

Gustavus Swift and the refrigerated box car revolutionized the meat-packing industry. Therefore the correct answer is B) meat-packing industry.

Andrew Chase and Gustavus Swift were instrumental in revolutionizing the meat-packing industry by introducing refrigerated rail cars and mechanized processing techniques. Chicago, Illinois became the center of the meat-packing industry due to its location as a major transportation hub. The refrigerated box car was also a crucial innovation that allowed meat to be transported across the country.

What is box car?

A boxcar, also known as a goods wagon or freight car, is a type of railway car or rolling stock that is generally used to carry goods or freight. It is typically enclosed and has a roof and sliding doors on the side for loading and unloading cargo. The invention of the refrigerated boxcar allowed perishable goods, such as meat, to be transported long distances without spoiling.

To know more about meat-packing industry, visit:

https://brainly.com/question/28503474

#SPJ1

Other Questions
According to irish lore, what did saint patrick drive out of ireland?. If any one can help me do so lease answer asap, will thumbs up. When a per unit tax is imposed on the sale of a product of a uniform or single price monopolist with a linear downward sloping demand curve and a MC that is upward or downward sloping; the new eguilibrium price will be than the old equilibrium price and the new equilibrium quantity will be -than the old equilibrium quantity O higher, higher O higher, lower. O None of the other alternatives are correct O lower,higher rational recovery is different from aa in that group of answer choices a. it does not believe in being powerless over alcohol b. it does not believe that a higher power needs to be involved c. the presence of a trained professional is required at its sessions d. all of the above Please help due today!! sum of suresh and dinesh salary is rs90,000. suresh spends 90% of his salary and saves the rest dinesh spends 92% of his salary and saves the rest . of the savings of both suresh and dinesh ae same. then what is the salary of dinesh ? if the smoothie shop owner adds $25,000 to the small business loan to cover unexpected equipment repairs, what will be the total net worth? what ratio is equivalent to 7:4 if the question is 84:(blank) i need to know the answer for blank write a program that takes as input the values 27.2, 35.6, 41.2. compute the average of the three values. find d/dx (siny ycosx) where y=g(x) simone has decided that for their company to be more competitive and cost efficient the organization should tier back their hierarchical structure. flattened management layers global competition disruptive technologies Where is the safest place to keep cash at home? 4. What was the punishment for stealing food at Auschwitz? Concepts in ETHICSPsychology is DESCRIPTIVE it tells how we do act, whereas,21. Ethics is _______________________________________ it tells how we SHOULD act22. Tell what is important for: Teleological Ethics -____________________________________________________________________________________________________________________________23. Tell what is important for: Deontological Ethics -____________________________________________________________________________________________________________________________24 ________________________________ is the belief that people may act without any concern for themselves.25 Define DETERMINISM ______________________________________________________________________________ Providing for doubtful accountsAt the end of the current year, the accounts receivable account has a debit balance of $844,000 and sales for the year total $9,560,000.a. The allowance account before adjustment has a debit balance of $11,400. Bad debt expense is estimated at 1/4 of 1% of sales.b. The allowance account before adjustment has a debit balance of $11,400. An aging of the accounts in the customer ledger indicates estimated doubtful accounts of$36,500.c. The allowance account before adjustment has a credit balance of $4,700. Bad debt expense is estimated at 1/2 of 1% of sales.d. The allowance account before adjustment has a credit balance of $4,700. An aging of the accounts in the customer ledger indicates estimated doubtful accounts of$39,000.Determine the amount of the adjusting entry to provide for doubtful accounts under each of the assumptions (a through d) listed above. Which diagram represents the postulate that states exactly one line exists between any two points? What do we know about vaping and smoking trends in Canada? what are three characteristics of an organization with a simple structure? multiple select question. low work specialization we tell people not to speed, but equip cars with air bags in case they do. so what's wrong with telling kids not to have sex, but making plan b available in case they do? Which answer choice has the least negative connotation?DeviousSchemingDeceitfulUntrustworthy