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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.
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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.
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.
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.
What is production organization?
infosys
Is the optimum level of production the same as the profit maximization level of output?
"Optimal" can be defined in various ways. When looking from a profit maximization viewpoint, the level of production with the highest (return/cost) ratio will be the optimal. However, when looking purely from a productive viewpoint, the optimal level would be the one with the highest (output quantity/input quantity) ratio
Why there are no single ideal or optimal logistics organisational structure?
There is no single ideal or optimal logistics organization structure ,agree that because any firm or organization after setting its mission ,vission and goals is where now logistic structure can be implimented. logistic structure can change any time or rather be flexible depending the change of organization goals.There for each organization has got its structure which is fit for its purpose , no logistic organization structure which is fi for other organization because they differ in their mission vission and goals.
What does the Audi organization do?
production and sale car
What is a description of the organization of labor and capital?
Production
Why any organization schedule aggregate production plan?
Any organization would schedule aggregate production plan for various reasons. This will be used in evaluation and monitoring of the progress of the organization among other functions.
Does an organization regulate the production and sale of oil?
false
What best describes the organization of labor and capital?
production
