It might lead a producer to charge more for a product or service.
show with example that if the marginal product is always decreasing the average product is always above the marginal product?
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, 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.
Because if the factor price is increased, the producer will have less resources to make their product and will have less products to supply
It might lead a producer to charge more for a product or service.
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.
i dont know , might be . i think its a NO
Employees should receive food safety training before they perform any activity that might impact food safety.
It depends on the activity.
Employees should receive food safety training before they perform any activity that might impact food safety.
show with example that if the marginal product is always decreasing the average product is always above the marginal product?
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.)
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.)
to predict inflation
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, 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.