when price>marginal cost
Potential output is the capacity to produce should all factors be employed in an economy. For example, it is the output should there be no unemployment, no spare labour and no spare capital. It is unlikely that actual output will be the same as potential ouput since there is always unemployment.
It is the output of an economy that equates aggregate supply with aggregate demand.
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No. A monopolistically competitive firm should produce up to the point where marginal revenue equals marginal cost.
Market power, i.e. the ability to impose a price higher that would exist in a perfectly competitive market. Moreover, monopolies tend to produce a lower level than the competitive enterprise.
they should expand but in a very small amount
I believe that competitive exams should be held as the child can prove himself if he is unable to do so as there are many subjects in school. And it should be optional. Children should decide whether they want to take part in some competitive exams or not. Parents should also keep in mind that thy should not force their children to take part. Thus competitive exams should be held and the child should decide if he wants to take part
Salmon should be cooked at a temperature of 145F (63C) to ensure it is perfectly cooked.
Pierogi should be boiled for about 5-7 minutes to ensure they are cooked perfectly.
Popcorn should be microwaved for about 2-3 minutes to ensure it is perfectly popped.
Salmon should be cooked to an internal temperature of 145F (63C) to ensure it is perfectly done.
Salmon should be boiled for about 10-12 minutes per inch of thickness to be perfectly cooked.
America could, and should, continue to expand westward at all costs.
low output
A roast should be cooked to an internal temperature of 145F (63C) to ensure it is perfectly done.
Salmon should be cooked to an internal temperature of 145F (63C) to ensure it is perfectly cooked.
Meatballs should be cooked for about 20-25 minutes in an oven at 375F to ensure they are perfectly done.