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When a firm increased its output by one unit its AFC decreased This indicates what?
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∙ 13y ago
mc=ac
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∙ 13y ago
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The profit-maximizing level of output for this firm?
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?
How does a perfect market influence output?
Each firm adjusts its output so that its cost, including profit, are covered.
How does natural monopoly function?
A single firm supplies all the output
8. The marginal output rule states that if a firm does not shut down then it should produce output at a level where?
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What is the level of output every firm strives for?
The level of output every first strives for is when marginal revenue equals marginal cost.
What demand curve indicates the firm incurs a loss?
It's when the MR is not equal to MC. The firm in this case is unable to produce output the equals marginal revenue to marginal cost.
When a firm hired its tenth worker its factory output increased by four units per month Would you expect the firm's output to increase by eight more units per month if the firm hired two more wo?
Depending on the marginal output of the workers at that level of output, an additional two could increase output my more than 8, exactly eight, or less than 8 units.
The profit-maximizing level of output for this firm?
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?
What can a firm with market power do?
A firm with market power has the ability to control prices and total market output .
Why should the shareholder of a firm care about maximizing a value of a firm?
the value of a firm determines their wealth.if the value of a firm,which is the market price per share of the total number of shares issued,is increased,invariably the shareholders' return is increased..by John I Agwu
When an organization can get optimal production?
this is obtained when a firm equates its marginal revenue to its marginal cost.At a level of output where MR exceeds MC,then the firm should increase output since the addition to revenue is greater than the addition to revenue.Where a firm's MR is less than its MC,the firm should lower its output since the addition to costs is greater than the addition to revenue.
When a firm's marginal revenues are higher than its marginal cost?
Marginal cost is
How does a perfect market influence output?
Each firm adjusts its output so that its cost, including profit, are covered.
What is a screen used to present output firm a computer called?
a desk
How does natural monopoly function?
A single firm supplies all the output
8. The marginal output rule states that if a firm does not shut down then it should produce output at a level where?
[object Object]
A perfectly competative firms marginal cost exceeds its marginal revenue at its current output To increase its profit the firm will?
To increase profit the firm will decrease output to a point where MC=MR. This is the Profit Maximisation point
