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this is obtained when a firm equates its marginal revenue to its marginal cost.At a level of output where MR exceeds MC,then the firm should increase output since the addition to revenue is greater than the addition to revenue.Where a firm's MR is less than its MC,the firm should lower its output since the addition to costs is greater than the addition to revenue.
What else can I help you with?
Define optimal efficiency How is optimal efficiency achieved in production?
Optimal efficiency is a term used to describe the condition when a production is producing the best it can with what it has at the lowest cost possible. It is achieved in production by taking all of the production's waste product and dividing the waste product by the overhead costs. A sum of zero is the optimal efficiency.
Do strawberries prefer sun or shade for optimal growth and fruit production?
Strawberries prefer full sun for optimal growth and fruit production.
How would you identify the optimal cost of capital for an organization?
To identify the optimal cost of capital for an organization the cost of debt and equity is needed. The preferred stock is also needed.
How far should a closet rod be from the wall for optimal functionality and organization?
A closet rod should be placed about 12-14 inches away from the wall for optimal functionality and organization.
How far should the closet rod be from the wall for optimal functionality and organization?
The closet rod should be placed about 12-14 inches away from the wall for optimal functionality and organization.
What is the recommended closet rod height for optimal organization and functionality?
The recommended closet rod height for optimal organization and functionality is typically around 66 to 72 inches from the floor.
What is production organization?
infosys
Do orange trees prefer acidic soil for optimal growth and fruit production?
Yes, orange trees prefer slightly acidic soil for optimal growth and fruit production.
Why elasticity concept is required by managers?
Elasticity helps to find optimal production quantities and thus optimal profits.
What determines the optimal level of production in command economies?
The optimal level of production in a command economy is determined by the central planners and is consistent with government objectives rather than being a function of consumer desires.
How far apart do you plant cherry trees to ensure optimal growth and fruit production?
Cherry trees should be planted about 20 to 25 feet apart to ensure optimal growth and fruit production.
What is a description of the organization of labor and capital?
Production
