benefit exceeds its marginal cost.
increase output
When Marginal Cost is below Marginal Revenue, profit is increasing. When Marginal Cost is above Marginal Revenue, profit is decreasing. Since the goal of firms is to maximise profit, they should produce at a level where the MR of producing another unit is equal to the Marginal Cost of producing another unit. Firms should keep producing until this point because there is a hidden profit in MC. This is because we are not taking into account the Accounting profit.
when price>marginal cost
No. A monopolistically competitive firm should produce up to the point where marginal revenue equals marginal cost.
Marginal analysis is used primarily in the technological field to determine what technologies should be created and what would be a fair price for them. It measures data and numbers for technology developers.
no dog or pet should ever consume spicy foods
an average person should consume about 21-25g of fibre each day
Marginal cost is
A person should consume no more than 300 milligrams of cholesterol per day. High cholesterol levels can lead to heart disease.
25%
increase output
If MR is greater than MC, the firm should increase their production. The ideal amount of production is determined by allowing the marginal cost to equal the marginal revenue.
It depends from person to person, but approximately 4.7 grams is recommended.
the person to the right knows this an swers
50 grams
The number of calories that someone should consume in a day depends on the person. A young girl will consume less than a young boy for example.
It depends on how many calories a person needs a day. Also on what activities the person does daily.