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What happens when marginal revenue equals marginal cost?
profit is maximized
The controller of a monopoly sets the price of goods by charging?
the price at which the profit is maximized
In a firm where assets are the major cost how is profit maximized?
By increasing revenues or the cost of the assets.
What is the profit maximizing point on the graph for this particular business model?
The profit maximizing point on the graph for this business model is where the marginal revenue equals the marginal cost.
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 is the price of a bowler wildcat?
Profit is maximized.
What is arsene wengers hobby?
To minimize cost in order to maximized profit.
What happens when marginal revenue equals marginal cost?
profit is maximized
The controller of a monopoly sets the price of goods by charging?
the price at which the profit is maximized
In a firm where assets are the major cost how is profit maximized?
By increasing revenues or the cost of the assets.
How do you graph cost revenue and profit functions?
There are a couple of graphs you could use. A pie graph or a bar graph.
What is the profit maximizing point on the graph for this particular business model?
The profit maximizing point on the graph for this business model is where the marginal revenue equals the marginal cost.
Advantages of profit maximization?
Profit maximization increase the graph of outputs.
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.
How can a product of a reaction be maximized?
How can the product of a reaction be maximized?
Which graph title is more effective: 'Revenue Growth Over Time' vs 'Profit Margin Comparison'"?
"Revenue Growth Over Time" is more effective as a graph title compared to "Profit Margin Comparison."
What is the difference between shareholder's wealth maximization and shareholder's profit maximization?
Wealth is the accumulation of profit so it might seem that the two are maximized in the same way. But there are differences. Some examples:- Profit may be taxed. So wealth is maximized by maximizing the net of profit minus tax impacts which may occur in the future.- Increased value of an investment would add to wealth but would not show up as profit until the investment is sold.-Wealth may be obtained in ways other than profit. Receiving a gift or buying something for less than its real value may add to wealth but are not profit.-Stock buy-backs by a company produce no profit but increase stockholder wealth by driving up the value per share held.
