When marginal revenue is equal to the marginal cost, then the firm should increase the level of production to maximize its profit.
Marginal revenue simply means the increase in revenue that a company makes as a result of selling an additional output of good. Marginal cost is the cost that a company incurs for production of one extra unit of good.
It should be noted that when the marginal cost if a firm is more than the marginal revenue, it means that the firm is producing too much.
When the marginal revenue of the firm equals the marginal cost, then the firm should maximize its profit.
The correct option is A.
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Answer:
<em>C) That the test asks users to accomplish a series of tasks.</em>
Explanation:
True, the usability test on the company website should be brief and not time consuming. Therefore all other steps are relevant such as asking users to do one task.
Also making sure the test is specific by ensuring it is based on a common problem or question that the users have. And should put the more importantly it should put the user experience in mind in the design.
Answer:
$721
Explanation:
The computation of the future value is shown below:
As we know that
Future value = Present value × (1 + interest rate)^number of years
= $700 × (1 + 0.03)^1
= $700 × 1.03
= $721
By applying the future value formula, we can get the value of money after considering the time period and the interest rate