The profit-maximizing choice for a perfectly competitive firm will occur at the level of output where marginal revenue is equal to marginal cost—that is, where MR = MC. This occurs at Q = 80 in the figure.
Marginal revenue is the increase in revenue that results from the sale of one additional unit of output.
While marginal revenue can remain constant over a certain level of output, it follows from the law of diminishing returns and will eventually slow down as the output level increases.
<h3>How do u calculate marginal revenue?</h3>
To calculate marginal revenue, you take the total change in revenue and then divide that by the change in the number of units sold.
The marginal revenue formula is: marginal revenue = change in total revenue/change in output.
Learn more about marginal revenue here:
<h3>
brainly.com/question/13444663</h3><h3 /><h3>#SPJ4</h3>
Suppose that real GDP per capita in Italy is $36,000. If real GDP per capita is growing at a rate of 3. 6% per year. How many years will it take for real GDP per capita to reach $72,000?
The correct answer is 20 years.
What is GDP per capita?
GDP per capita is calculated by dividing the total gross value contributed by all producers who are residents of the economy by the mid-year population, plus any product taxes (less subsidies) that are not taken into account when valuing output.
In the given case, the real GDP of Italy will be doubled in 20 years which is determined by rule 72.
So, 20 years it will take for real GDP per capita to reach $72,000.
Learn more about GDP per capita here:
brainly.com/question/1383956
#SPJ4
Answer:
Of the various business-level strategic alliances, <u>VERTICAL COMPLEMENTARY</u> alliances have the most probability of creating sustainable competitive advantage, and <u>COMPETITION REDUCING</u> have the lowest.
Explanation:
A vertical complementary alliance takes place between a manufacturer and a supplier that come together. This usually happens through a requirements contract where the supplier agrees to only sell its materials, components and parts to the manufacturer and the manufacturer agrees to only purchase the components, materials and parts needed from that specific supplier.
On the other hand, competition reducing alliances are generally horizontal alliances where companies agree to work together in order to reduce uncertainty, instead of focusing on gaining market share.
Heya
the ans is to the passengers or the person who was driving.
thank u
Answer:
The demand curve for Pepsi and Coke would have shifted to the left, causing the price of both products to decrease and the profits for both companies to fall.
Explanation:
As in the question it is mentioned that the if the Pepsi and Coke do not change the formula and all other things being constant so the demand for the goods in case of the competitive market is that the demand curve is shifted to the left which results in a decrease in the price of both goods also due to price falls the profits for both companies dropped.