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Profit maximization occurs when the firm produces /sets their price at the intersection of the marginal cost curve and the horizontal MR DARP curve (marginal revenue, demand, average revenue, price)
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Who receives the most of what is produced in a market economy?
those who are willing and able to buy them.
What do for-profit organizations contribute to the economy?
The for-profit organizations contribute to the economy in various ways. They create employment and also ensure that they are offering goods or services so as to realize their profits. This helps in boosting the economy.
What is included in mixed economy?
Mixed economy included Capitalistic economy and also Socialistic economy. Capitalistic economy for profit earning and socialistic economy for social welfare.
Is US a capitalist economy or mixed economy?
Capitalist: wages system,production for profit, class ownership.
What is the significance of interest Rates for an economy?
the significance is that the government profit from specific interest rates in an economy
What motiviates the economy?
Market Economy: Profit Moative
What are the major motivators in a market economy?
profit
Type of economy with private ownership control and profit?
Capitalism. type of profit control?
Who receives the most of what is produced in a market economy?
those who are willing and able to buy them.
What do for-profit organizations contribute to the economy?
The for-profit organizations contribute to the economy in various ways. They create employment and also ensure that they are offering goods or services so as to realize their profits. This helps in boosting the economy.
What is included in mixed economy?
Mixed economy included Capitalistic economy and also Socialistic economy. Capitalistic economy for profit earning and socialistic economy for social welfare.
Is US a capitalist economy or mixed economy?
Capitalist: wages system,production for profit, class ownership.
What is the significance of interest Rates for an economy?
the significance is that the government profit from specific interest rates in an economy
What economy is the US?
Capitalism: wages system, production for profit, ownership by a tiny minority
How is Jamestown important to us?
Jamestown was a for profit tobacco economy
In a market economy what is the purpose of all firms?
Maximize profit
In a market economy the purpose of all firms is .?
Profit Maximization
