The quantity demanded would remain constant
Answer:
Profit can be increased by decreasing production.
Explanation:
Marginal cost is the change in total cost when quantity produced is increased by one extra unit. Marginal revenue is the change in total revenue when quantity produced is increased by one extra unit.
Perfect competition is a market structure where there are many firms with ease of entry and exciting into and out of the market. They producing homogenous products and are price takers.
If marginal costs are higher than marginal revenue, that means that with every extra unit produced, the cost of it is higher than the revenue made from it. Hence, if the firm wants to make higher profits, it can only be done if the firm reduces its production and produces at the quantity where MR = MC. The firm which may have been making very little profit or even a loss can now make normal profits, producing where the MC, AC and MR curves intersect, and D is equal to MR = AR.
According to credit in a 15-per week course, one must study 2-3 hours a week with a plan. Because 1 credit is equal to ten hours of study, so 3 credits equal to 30 hours per week.
<h3>What are the benefits of studying daily?</h3>
Good studies give a potential to study, and it builds confidence to students to perform better in the academic.
Studying regularly helps to keep the mind sharp and upgrade the ability of the person to gain more knowledge from other students.
Thus, According to credit in a 15-per week course, one must study 2-3 hours a week with a plan.
For more details about benefits of studying, click here:
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Answer:
c. It is transferred out of raw materials into manufacturing overhead when used.
Explanation:
Indirect materials are those that are necessary and that are used in the elaboration of a product, but are not easily identifiable or that do not merit control over them and are included as part of the indirect manufacturing costs as indirect materials.
Answer: A. they have expertise in a focused technical topic
Explanation: