determine athe largest gap between total revenue and total cost.
determine the largest gap between total revenue and total cost
Firms in an oligopoly structure strategize their pricing and output decisions by considering the actions of their competitors. They may engage in price leadership, collusion, or non-price competition to maximize profits. By closely monitoring market conditions and their rivals' behavior, oligopoly firms aim to set prices and output levels that will maximize their profits while maintaining a competitive edge in the market.
A monopolist earns economic profit when the price charged is greater than their average total cost. To maximize profits, monopolies will produce at the output where marginal cost is equal to marginal revenue. To determine the price they will set, they choose the price on the demand curve that corresponds to this level of production.
Actual output is the "real" GDP ( gross domestic product). potential output is the targeted output set by the government. the difference between the actual and potential output is UNDEREMPLOYMENT!
how does total revenue and total cost can help set the most profitable output level? ChaCha Answer: The most profitable output level ..i think is the answer
determine the largest gap between total revenue and total cost
determine the largest gap between total revenue and total cost
Firms in an oligopoly structure strategize their pricing and output decisions by considering the actions of their competitors. They may engage in price leadership, collusion, or non-price competition to maximize profits. By closely monitoring market conditions and their rivals' behavior, oligopoly firms aim to set prices and output levels that will maximize their profits while maintaining a competitive edge in the market.
A monopolist earns economic profit when the price charged is greater than their average total cost. To maximize profits, monopolies will produce at the output where marginal cost is equal to marginal revenue. To determine the price they will set, they choose the price on the demand curve that corresponds to this level of production.
The set of output values of a function or relation is the range
The Range is the set of all possible output values of a function or relation.
Food sellers in each state dictate the set price of food to maximize profit. A national grocery chain in New York might sell a dozen apples for $8.75. In the farmer's Market, the price might be $5.67.
The most effective profit-taking strategy for stocks is to set a target price at which you will sell your shares to lock in your gains. This can help you avoid getting greedy and holding onto a stock for too long, potentially losing your profits. It's important to have a plan in place and stick to it to maximize your returns.
A relation doesn't have an "output value", in the sense that a function does. A set of values is either part of the relation, or it isn't.
That set is called the ranger of the function.
programming is set and develop for software &what uou want you will get output
Set it to exact manufacturer specifications.