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A profit maximizing monopolist with a positive marginal cost of production will always?
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∙ 11y ago
Produce in the elastic range of the demand curve
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∙ 11y ago
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If marginal utility is positive will you have total utility increase with additional consumption?
If marginal utility is positive will you have total utility increase with additional consumption?
If marginal utility is positive but diminishing then?
Total utility increases at a diminishing rate
Is it possible for perfect competitive market to be inefficient?
It is possible for perfectly competitive markets to be inefficient when externalities are present. Externalities arise when an economic activity has an unintended impact on other economic agents and/or the market. This results in there being a socially optimal level of production that does not coincide with the privately determined equilibirum level of production derived from the supply and demand curves (which, respectively, represent the marginal private costs and marginal private benefits to producers and consumers). With respect to the efficiency of markets, positive externalities result in too little of the good in question being produced. In this case, the market equilibrium is lower than desired (the marginal social benefit curve lies above the marginal private benefit [demand] curve). In this case, the efficient market outcome would occur where the marginal social beneift curve interests the marginal private cost (supply) curve. When negative externalities occur, too much of the good in question is being produced. This results in the supply curve, which represents the marginal private costs of production, lying below the marginal social cost curve because the private cost curve fails to take into account the costs of production incurred by all of society. In this case, the efficient market outcome would occur where the marginal social cost curve coincides with the private marginal benefit (demand) curve.
What will happen to the utility of a good as more of it is consumed?
The marginal utility will diminish (that is, it remains positive but its incremental change is negative).
What importance are average cost and marginal cost in economic analysis?
Average cost: determines the accounting profit maximisation and minimal point where the firm can remain profitable. Marginal cost: determines economic profit maximisation and minimal 'shut-down' point where the firm should still operate, even if at an accounting loss. Note: Average cost (AC) and marginal cost (MC) are related. The rate of change of AC is always positive when MC is positive.
How do you determine number of units to produce to maximize operating income?
You continue increasing production as long as the marginal income remains positive.
Why are actual markets said to have high transaction costs?
Every firm's aim is to get more profit and revenue form their existing products.Behid that intention companies have to set high targets and convert their economical indicators.Major reasons behind that are;Profit MaximizationThe monopolist's profit maximizing level of output is found by equating its marginal revenue with its marginal cost, which is the same profit maximizing condition that a perfectly competitive firm uses to determine its equilibrium level of output. Indeed, the condition that marginal revenue equal marginal cost is used to determine the profit maximizing level of output of every firm, regardless of the market structure in which the firm is operating.Total Cost-Total Revenue MethodTo obtain the profit maximizing output quantity, we start by recognizing that profit is equal to total revenue minus total cost. Given a table of costs and revenues at each quantity, we can either compute equations or plot the data directly on a graph. Finding the profit-maximizing output is as simple as finding the output at which profit reaches its maximum.Marginal Cost-Marginal Revenue MethodIf total revenue and total cost figures are difficult to procure, this method may also be used. For each unit sold, marginal profit equals marginal revenue minus marginal cost. Then, if marginal revenue is greater than marginal cost, marginal profit is positive, and if marginal revenue is less than marginal cost, marginal profit is negative. When marginal revenue equals marginal cost, marginal profit is zero.And one major reason behind that isAn economic indicator (or business indicator) is a statistic about the economy. Economic indicators allow analysis of economic performance and predictions of future performance.Economic indicators include various indices, earnings reports, and economic summaries, such as unemployment, housing starts , Consumer Price Index (a measure for inflation), industrial production , bankruptcies, Gross Domestic Product, retail sales , stock market prices, and money supply changes.Economic indicators are primarily studied in a branch of macroeconomics called " business cycles". The leading business cycle dating committee in the United States of America is the National Bureau of Economic Research .The Bureau of Labor Statistics is the principal fact-finding agency for the U.S. government in the field of labor economics and statistics.These are the main reasons that actual markets have high their transaction costs.
If marginal utility is positive will you have total utility increase with additional consumption?
If marginal utility is positive will you have total utility increase with additional consumption?
What is the explanation for the outcome of the Mexican Revolution?
Positive outcomes:- 1 - Increase in Production / yield. 2 - Advantage to farmers: this includes their economic situation improving, even small and marginal farmers (althou… (MORE)
Is it impossible for marginal profits to decline if average profits are positive?
yes it is
If marginal utility is positive but diminishing then?
Total utility increases at a diminishing rate
Is -5 marginal revenue positive negative or zero?
A wild guess is that it is negative.
Is it possible for perfect competitive market to be inefficient?
It is possible for perfectly competitive markets to be inefficient when externalities are present. Externalities arise when an economic activity has an unintended impact on other economic agents and/or the market. This results in there being a socially optimal level of production that does not coincide with the privately determined equilibirum level of production derived from the supply and demand curves (which, respectively, represent the marginal private costs and marginal private benefits to producers and consumers). With respect to the efficiency of markets, positive externalities result in too little of the good in question being produced. In this case, the market equilibrium is lower than desired (the marginal social benefit curve lies above the marginal private benefit [demand] curve). In this case, the efficient market outcome would occur where the marginal social beneift curve interests the marginal private cost (supply) curve. When negative externalities occur, too much of the good in question is being produced. This results in the supply curve, which represents the marginal private costs of production, lying below the marginal social cost curve because the private cost curve fails to take into account the costs of production incurred by all of society. In this case, the efficient market outcome would occur where the marginal social cost curve coincides with the private marginal benefit (demand) curve.
How would you react to a sales managers announcement that he or she has in place a marketing program to maximize sales?
Since Marginal cost is usually positive, you would expect the outcome of the audience to be excited. The sales should be scaled down until the marginal scales exceed the marginal profit.
What will happen to the utility of a good as more of it is consumed?
The marginal utility will diminish (that is, it remains positive but its incremental change is negative).
Does proteus vulgaris produce h2s?
Yes, it does. It is Indole Production positive, H2S positive, and Motility positive. This can all be seen using SIM agar. Yes, it does. It is Indole Production positive, H2S positive, and Motility positive. This can all be seen using SIM agar.
What are positive impacts of production technology?
faster
