At a profit-maximizing output level, marginal revenue minus:_____

Business

1 answer:

Pani-rosa [81]1 year ago

8 0

At a profit-maximizing output level, marginal revenue minus marginal profit equals zero.

Marginal profit is maximized in which marginal sales equals marginal cost. In this example, maximum income takes place at five devices of output. a superbly competitive company will also find its earnings-maximizing level of output where MR = MC.

To calculate the marginal sales, a agency divides the change in its overall revenue by way of the alternate of its overall output quantity. Marginal sales is identical to the promoting price of a single extra object that become bought. underneath is the marginal revenue system: Marginal revenue = trade in revenue / exchange in quantity.

If a firm can not compete on price and operates at a marginal loss (poor marginal income), it'll ultimately cease manufacturing. profit maximization for a firm occurs, therefore, while it produces as much as a degree where marginal price equals marginal revenue, and the marginal earnings is 0.

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Supply - supply curve - and supply schedule are:Multiple choice question.all the same.three different ways of expressing informa

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Supply, the supply curve, and the supply schedule are three different ways of expressing information about the supply of a good - service - or resource

<h3>What are ways of expressing supply?</h3>

When we speak of supply, we refer to the quantity of goods and services that producers give to the market for sale.

The supply curve then shows the different prices and quantities that these goods would be sold in while the supply schedule does the same but in a non-graphical format.

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4 years ago

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