The profit-maximizing choice for a perfectly competitive firm will occur at the level of output where marginal revenue is equal to marginal cost—that is, where MR = MC. This occurs at Q = 80 in the figure.
Marginal revenue is the increase in revenue that results from the sale of one additional unit of output.
While marginal revenue can remain constant over a certain level of output, it follows from the law of diminishing returns and will eventually slow down as the output level increases.
<h3>How do u calculate marginal revenue?</h3>
To calculate marginal revenue, you take the total change in revenue and then divide that by the change in the number of units sold.
The marginal revenue formula is: marginal revenue = change in total revenue/change in output.
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Answer:
It should price the espresso at $1.25
Explanation:
The best Income is generated at the price of 1.25 dollar
Therefore, this is the amount to Specialty Coffees set for espresso.
Answer: A
Explanation:
Maslow Hierarchy of Needs covers all areas of employee motivation which include: Self - actualization I.e the desire to become the most that you can be. Esteem needs I.e Respect, Self-esteem, recognition, strength etc. Love and belonging need I.e friendships, intimacy, family. Safety needs I.e personal security, employment, resources. Physiological needs I.e air, water, food, shelter and clothing. So hierarchy of needs has captured any need as a direct consequence labour efficiency.
The idea of international trade is one of the factors that binds the world together. Trade between nations fosters peace and brings about, wealth creation, Cultural diffusion and inclusiveness.
<h3>What is International trade?</h3>
International trade refers to the exchange of goods, services and other commodities between countries of the world.
International trade is possible because, goods and services produced in one country is needed by citizens of other countries.
The idea of international trade is beneficial to both countries involved in such trade. It creates a long supply chain starting from manufacturers, logistics, middle men, and local traders.
This supply chain created benefits both the sellers and the buyers and this creates employment opportunities in both countries.
It is important to note that not everyone within a country may benefit directly from international trade, however, it can be said that everyone will benefit indirectly because the proceeds from such trade affects the GDP of both countries and this brings about prosperity especially when trade is not one sided.
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Jake's global marketing effort is hampered by physical and environmental constraints because he was not able to do his strategies because of the physical and environment of the market that he sights on where his methods are not compatible and could not be applied for. Such as this example is that he uses heater coils when the chinese market still does not use indoor plumbing but to government run communal baths.