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The company will go out of business
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What happens if the marginal cost becomes higher than price?
The company will lose money on each additional unit produced
When a firm's marginal revenues are higher than its marginal cost?
Marginal cost is
What is the impact of changes in the marginal cost of labor on a company's overall production costs?
Changes in the marginal cost of labor can significantly impact a company's overall production costs. When the marginal cost of labor increases, it can lead to higher production costs for the company as they have to spend more on labor. Conversely, if the marginal cost of labor decreases, the company's production costs may decrease as well. This relationship between labor costs and production costs is crucial for companies to consider when making decisions about their workforce and production processes.
When do firm adopt Marginal Cost pricing?
A company will choose marginal cost pricing, setting the price of something at or just above the variable cost of production, when they have unused remaining production capacity, or when they are not able to sell the item at a higher price.
Why is profit maximized when marginal revenue equals marginal cost?
Profit is maximized when marginal revenue equals marginal cost because at that point, the additional revenue gained from selling one more unit is equal to the additional cost of producing that unit. This balance ensures that the company is making the most profit possible, as any further increase in production would result in higher costs than revenue gained.
What If marginal cost becomes higher than price what happens to a company?
The company will go out of business
What happens if the marginal cost becomes higher than price?
The company will lose money on each additional unit produced
When a firm's marginal revenues are higher than its marginal cost?
Marginal cost is
When a firm's marginal revenues are higher than its marginal cost?
Marginal cost is
What happens when you rise higher in the atmosphere?
The air becomes less dense.
What is the impact of changes in the marginal cost of labor on a company's overall production costs?
Changes in the marginal cost of labor can significantly impact a company's overall production costs. When the marginal cost of labor increases, it can lead to higher production costs for the company as they have to spend more on labor. Conversely, if the marginal cost of labor decreases, the company's production costs may decrease as well. This relationship between labor costs and production costs is crucial for companies to consider when making decisions about their workforce and production processes.
What happens if air to fuel ratio becomes higher?
low power genaration
When do firm adopt Marginal Cost pricing?
A company will choose marginal cost pricing, setting the price of something at or just above the variable cost of production, when they have unused remaining production capacity, or when they are not able to sell the item at a higher price.
When switching to a higher power lens what happens to the field of view?
The field of view becomes narrower.
What happens to water molecules that move with higher energy?
The faster a molecule moves, that hotter it becomes. If water becomes hot enough, it evaporates into steam.
Why is profit maximized when marginal revenue equals marginal cost?
Profit is maximized when marginal revenue equals marginal cost because at that point, the additional revenue gained from selling one more unit is equal to the additional cost of producing that unit. This balance ensures that the company is making the most profit possible, as any further increase in production would result in higher costs than revenue gained.
What happens to your memory on a computer when you install more?
When you install more memory into a computer, the computer's memory level becomes higher
