Marginal cost equals marginal revenue. The additional money that results from raising the quantity is known as the marginal revenue.
Therefore, profit is maximised when marginal cost equals marginal revenue, which is the same as saying when marginal profit equals zero. This additional revenue is also referred to as being "at the margin. In general, marginal revenue tends to decline as production rises for any given level of customer demand. There is no economic gain in equilibrium since marginal revenue and costs
Marginal cost
The additional expense brought on by increasing the quantity is known as the marginal cost. The additional expense at the margin.
Marginal revenue
The additional money that results from raising the quantity is known as the marginal revenue. The additional revenue at the margin.
The XYZ Company is a profit-maximizing firm with a monopoly in the production of pennants. The firm sells its pennants for $10 each. We can conclude that the XYZ Company is producing a level of output at which:
Select one: a. average total cost equals $10. b. average total cost is greater than $10. c. marginal revenue equals $10. d. marginal cost equals marginal revenue.
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Proration occurs because it is impossible to accurately estimate the future overhead costs and production activity; it is either the overhead is over applied or under applied. The variance will have to be adjusted for at the end of the financial year.
There are three parts to an ethical response to error: disclosure, apology and amends. Honesty and humility are discussed as important virtues that facilitate coping and personal growth for the health care provider who is involved in mistakes.
I think the correct answer from the choices listed above is option B. A persuasive title for a proposal that aims to persuade a business to hire a lawn care service would be "<span>How Professional Lawn Care Can Save You Money</span>". It would draw attention to the one you are presenting it. Hope this answers the question. Have a nice day.
Answer:
The correct answer is (d)
Explanation:
Elasticity means a change in price will change the supply or demand more than the price change. If the demand is inelastic, then the increase in price will increase the tax revenues because the demand will not change much compared to the price change. Likewise, this phenomenon is the same in the case of supply; the increase in taxes will decrease the overall quantity supplied, which will decrease the overall tax collection or tax revenue.
