In the long run, the level of output is determined by the capacity of a firm to adjust all of its inputs, such as labor and capital, to reach its optimal production level. In the short run, output is influenced by fixed factors like plant size and technology, which limit the firm's ability to adjust production quickly.
Productivity
Answers for If A Firm Is Producing A Level Of Output Where MR Exceeds MC, Would It Improve Profits By Increasing Output, Decreasing Output Or Keeping Output Unchanged?
A way to find the best level of output is to find the output level where marginal revenue is equal to marginal cost.
The level of output every first strives for is when marginal revenue equals marginal cost.
The optimal level of output is where marginal costs = marginal damages.
All you do is go to the level edit and change it to versus i think that's how it is.
Productivity
In a graph of horsepower versus speed, the point where the power available and the power required curves cross. Above that speed, more power is required than available.
Answers for If A Firm Is Producing A Level Of Output Where MR Exceeds MC, Would It Improve Profits By Increasing Output, Decreasing Output Or Keeping Output Unchanged?
a decrease in need which will in turn surplus the output and decrease the price level. then output will decrease.
A way to find the best level of output is to find the output level where marginal revenue is equal to marginal cost.
The level of output every first strives for is when marginal revenue equals marginal cost.
The optimal level of output is where marginal costs = marginal damages.
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
Productivity
Amount of water in air determines moisture. It determines the level of humidity.
energy