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How might marginal cost impact the activity of a producers?

It might lead a producer to charge more for a product or service.


Why law of diminishing returns and return to scale might use in understanding the output decisions of firms in different industries?

show with example that if the marginal product is always decreasing the average product is always above the marginal product?


What does on-the-margin mean?

On the margin means looking at the next unit of something. For example, when considering business decisions, you might consider the marginal cost of an additional unit of production, or the marginal revenue. (Rather than the average revenue, for instance.)


When total utility increases what happens to marginal utility and why?

When total utility increases, marginal utility can either increase, decrease, or remain constant depending on the consumption level. Typically, as more units of a good are consumed, marginal utility tends to decrease due to the principle of diminishing marginal utility; each additional unit provides less additional satisfaction than the previous one. However, if the additional units consumed are highly desirable or meet a significant need, marginal utility might increase. Overall, while total utility rises with consumption, marginal utility often reflects the changing satisfaction derived from each additional unit consumed.


What might happen to make a producer decrease his or her supply of a product.?

Because if the factor price is increased, the producer will have less resources to make their product and will have less products to supply

Related Questions

How might marginal cost impact the activity of a producers?

It might lead a producer to charge more for a product or service.


What does marginal rainfall mean?

Marginal rainfall refers to low or minimal amounts of rainfall that might not be enough to significantly impact water resources or ecosystems. It can indicate below-average precipitation levels in a region, leading to potential drought conditions and water scarcity.


Can fruit be a producer?

i dont know , might be . i think its a NO


When should employees receive safety training?

Employees should receive food safety training before they perform any activity that might impact food safety.


How might you adapt an activity for a pupil who is signing?

It depends on the activity.


When should employees receive food safety training?

Employees should receive food safety training before they perform any activity that might impact food safety.


Why law of diminishing returns and return to scale might use in understanding the output decisions of firms in different industries?

show with example that if the marginal product is always decreasing the average product is always above the marginal product?


What does on-the-margin mean?

On the margin means looking at the next unit of something. For example, when considering business decisions, you might consider the marginal cost of an additional unit of production, or the marginal revenue. (Rather than the average revenue, for instance.)


What does on-margin mean?

On the margin means looking at the next unit of something. For example, when considering business decisions, you might consider the marginal cost of an additional unit of production, or the marginal revenue. (Rather than the average revenue, for instance.)


How might investors use the Producer Price Index?

to predict inflation


What two things might the smooth plains on mercury be the result of?

Mercury has two distinct plain regions. These could have been caused by either volcanic activity or surface impact from foreign body.


When total utility increases what happens to marginal utility and why?

When total utility increases, marginal utility can either increase, decrease, or remain constant depending on the consumption level. Typically, as more units of a good are consumed, marginal utility tends to decrease due to the principle of diminishing marginal utility; each additional unit provides less additional satisfaction than the previous one. However, if the additional units consumed are highly desirable or meet a significant need, marginal utility might increase. Overall, while total utility rises with consumption, marginal utility often reflects the changing satisfaction derived from each additional unit consumed.