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 $10. d. marginal cost equals marginal revenue.
Learn more about marginal cost and marginal revenue here:
brainly.com/question/10929905
#SPJ4
The study of the interaction between individuals and businesses is known as microeconomics.
<h3>What is microeconomics?</h3>
Microeconomics refers to the study of an individual, households the behavior of the firms or organizations in the process of decision making and resources allocation.
It is the study of the outcome, what will come out when an individual changes his or her choices in the response of change in the price, resources and production method.
Basically, microeconomics examines how a firm can maximize its production by minimizing its price for better competition.
Learn more about the microeconomics here:-
brainly.com/question/13120341
#SPJ1
Explanation:
you can redeem a winning ticket from any type of lottery game to an authorized retailer when your prize is less than 600$
hope I helped
Answer:
Answer for the question:
Within the food service industry (restaurants that serve meals to customers, but not just fast food), find examples of firms that have sustained competitive advantage by competing on the basis of (1) cost leadership, (2) response, and (3) differentiation. Cite one example in each category; provide a sentence or two in support of each choice. (Hint: A "99cents menu" is very easily copied and is not a good source of sustained advantage.)
is given in the attachment.
Explanation:
Answer:
1.54%
Explanation:
Return on the stock is the sum of the appreciation in the price of stock and dividend received from the stock.
First we need to calculate the rate of return
Rate of Return = (Final Price - Initial Price + Dividend) / Initial Price
Rate of Return = ($64.25 - $62.30 + ( $738/500 shares) ) / $62.3
Rate of Return = 0.055 = 5.5%
Use following formula to calculate the real rate of return
1 + Nominal Rate = ( 1 + real rate ) x ( 1 + Inflation rate )
1 + 5.5% = ( 1 + real rate ) x ( 1 + 3.9% )
1.055 = ( 1 + real rate ) x 1.039
1 + real rate = 1.055 / 1.039
1 + real rate = 1.0154
real rate = 1.0154 - 1
real rate = 0.0154 = 1.54%