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What is the relationship between total average and marginal revenue under monopoly with the help of schedule and diagram?
Total average pertains to annual revenue. While marginal revenue is equivalent to quarterly profits. The relationship between the two is only that one is the dividend of the other.
How might firms BEST use marginal analysis to determine price and output when there are additional costs related to hiring a new worker?
Marginal analysis would allow the company to identify how much more money they would have to make in order to afford another employee. It would help them figure out if hiring a new worker is the best course of action.
How can marginal revenew and marginal costs help set the most profitable putput level?
The most profitable output level is when marginal costs equals marginal revenue. When marginal revenue is larger than marginal cost, that means that more product can be produced for more profit.
How marginal revenue and marginal cost can help set the most profitable output level?
A way to find the best level of output is to find the output level where marginal revenue is equal to marginal cost.
How can equations and inequalities help a business maximize profit or minimize costs?
Equations and inequalities help maximize profit in a business by simultaneously optimizing the growth and profitability.
How does marginal analysis help in decision making?
please answer my question i am in need of it now
What is the relationship between total average and marginal revenue under monopoly with the help of schedule and diagram?
Total average pertains to annual revenue. While marginal revenue is equivalent to quarterly profits. The relationship between the two is only that one is the dividend of the other.
how to get help for accounting small business online?
It is always best to go to financial aid centers that are able to help you choose the best financial decisions to maximize your profits. It is always best to hire some professional service to help you.
Should a company become a customer-focused business Why or why not?
Most businesses should be customer-centered because it will help them attract loyal customers. With loyal customers, they can maximize their profits for their shareholders.
Why knowledge of cost behavior is useful information for a manager to have?
With more information about cost behavior managers can determine what products can be produced to maximize profits. This knowledge will help the organization build value for shareholders.
How might firms BEST use marginal analysis to determine price and output when there are additional costs related to hiring a new worker?
Marginal analysis would allow the company to identify how much more money they would have to make in order to afford another employee. It would help them figure out if hiring a new worker is the best course of action.
How can marginal revenew and marginal costs help set the most profitable putput level?
The most profitable output level is when marginal costs equals marginal revenue. When marginal revenue is larger than marginal cost, that means that more product can be produced for more profit.
How marginal revenue and marginal cost can help set the most profitable output level?
A way to find the best level of output is to find the output level where marginal revenue is equal to marginal cost.
How can equations and inequalities help a business maximize profit or minimize costs?
Equations and inequalities help maximize profit in a business by simultaneously optimizing the growth and profitability.
The Equi-Marginal Principle can be applied to both consumption as well as production Discuss this statement with the help of an example?
The Equi-Marginal Principle can be applied to both consumption as well as production Discuss this statement with the help of an example?
What synonym of advantageous?
benefits, help, profits, favours
What are the primary goals of business finance?
Main goal of virtually every publicly owned company has always been to maximize shareholder value by generating as much as profit possible. Many companies have begun to balance this primary objective with other social and better environmental goals that help appease stakeholders and help produce of profits.
