0
How can purely competetive firms increase their total revenue?
Wiki User
∙ 11y agoWant this question answered?
Be notified when an answer is posted
Add your answer:
Earn +20 pts
Why do firms try to sell more products or to sell them at higher prices?
To increase revenue. Revenue = Price x Quantity sold. So if a firm sells more products and/or sells products at a higher price, revenue will increase.
What is the consulting firms revenue in Portugal?
5000dollor revenue in portugal
What happens when a purely competitive firms producing cashew discover that P exceeds MC?
Combined output is too little to achieve allocative efficiency. In the long run, supply will increase as firms enter to capture economic profits being earned. Supply increase will reduce the price of cashews.
Why do firms revenue maximise?
Me haha i no go tell una
What is Another name for firms demand curve?
Average revenue curve
Why do firms try to sell more products or to sell them at higher prices?
To increase revenue. Revenue = Price x Quantity sold. So if a firm sells more products and/or sells products at a higher price, revenue will increase.
What is the consulting firms revenue in Portugal?
5000dollor revenue in portugal
What is revenue cost?
the revenue of the firm is the money received that a firms get from selling its output.
What happens when a purely competitive firms producing cashew discover that P exceeds MC?
Combined output is too little to achieve allocative efficiency. In the long run, supply will increase as firms enter to capture economic profits being earned. Supply increase will reduce the price of cashews.
What is the positive impact of tourism industry on the economy?
Increased tax revenue, and increased revenue of firms
A perfectly competative firms marginal cost exceeds its marginal revenue at its current output To increase its profit the firm will?
To increase profit the firm will decrease output to a point where MC=MR. This is the Profit Maximisation point
Why are business sales leads important to the infrastructure of marketing firms?
The generation of sales leads is one of the main activities that marketing firms do in order to bring new clients to the company. Successful sales resulting from leads will increase the revenue of a business.
Why do firms revenue maximise?
Me haha i no go tell una
What difference between trading and service firm?
Trading firms are businesses that buy goods which will be resold to its buyers. Trading firms usually have inventories of goods to be resold. Service firms do not have these inventories. Service firms derive their revenue from services which they provide to customers. For example, the revenue of accounting firms relate to fees from conducting audits in organizations. For income statement of service firms, revenue from these services is reported as fees earned (or service revenue). Net operating revenue for service firms is the difference between the fees earned and the operating expense involved in offering the services. If you are interested in trading or you need trading services I suggest you to look at 5markets.com It offers trading services in currencies, commodities and indices, highly competitive trading conditions and superior customer support.
What is Another name for firms demand curve?
Average revenue curve
When a firms revenue from sales exceeds its cost of production it will earn?
Profit
Which products included in the case of demand curve is inelastic and supply curve is perfectly elastic?
Some of the products which are considered perfectly inelastic are rice, fish, meat, etc., or in short is our basic nessecities. These products are under the perfect competetive market structure that's why if the firms increase its price still, the consumers are tend to buy it cause they dont have other choice but its substitute goods. Some of the products which are considered perfectly inelastic are rice, fish, meat, etc., or in short is our basic nessecities. These products are under the perfect competetive market structure that's why if the firms increase its price still, the consumers are tend to buy it cause they dont have other choice but its substitute goods.
