if marginal production costs exceed marginal revenues, the firm will suffer losses, not profits.
to reduce the quantity sold so as to reduce production costs. to take advantage of customers. to increase profits. to increase total economic surplus.
When Corporations endure economic downturn, they must adjust to the economic slowdown. They will keep profits up by doing one or more of the following: Depress wages, Lay off workers, Increase prices, Reduce the pay to shareholders etc.
Quantity supplied tends to increase when prices rise because higher prices incentivize producers to supply more of a good or service, as they can achieve greater revenue and potentially higher profits. Conversely, when prices fall, the profit margin decreases, leading producers to reduce the quantity they supply, as it may no longer be economically viable to produce at those lower prices. This relationship is a fundamental principle of the law of supply in economics.
Collusion can improve the financial standing of firms by allowing them to work together to manipulate prices, reduce competition, and increase profits. This can lead to higher revenues and market power for the colluding firms, ultimately boosting their financial performance.
Economic profits in an industry suggest that the industry is operating efficiently and that firms within it are earning returns above the normal profit level. This can attract new entrants, leading to increased competition. Over time, as new firms enter, the supply may increase, which can drive prices down and reduce economic profits, moving the industry toward a long-term equilibrium. Ultimately, sustained economic profits may indicate that firms have a competitive advantage or that there are barriers to entry protecting them from competition.
to reduce the quantity sold so as to reduce production costs. to take advantage of customers. to increase profits. to increase total economic surplus.
To improve shelf-life, reduce spoilage, and increase profits.
When Corporations endure economic downturn, they must adjust to the economic slowdown. They will keep profits up by doing one or more of the following: Depress wages, Lay off workers, Increase prices, Reduce the pay to shareholders etc.
When Corporations endure economic downturn, they must adjust to the economic slowdown. They will keep profits up by doing one or more of the following: Depress wages, Lay off workers, Increase prices, Reduce the pay to shareholders etc.
Quantity supplied tends to increase when prices rise because higher prices incentivize producers to supply more of a good or service, as they can achieve greater revenue and potentially higher profits. Conversely, when prices fall, the profit margin decreases, leading producers to reduce the quantity they supply, as it may no longer be economically viable to produce at those lower prices. This relationship is a fundamental principle of the law of supply in economics.
Reduce costs or increase prices - although you need to bear in mind that neither may be possible.
Collusion can improve the financial standing of firms by allowing them to work together to manipulate prices, reduce competition, and increase profits. This can lead to higher revenues and market power for the colluding firms, ultimately boosting their financial performance.
Shortages always raise prices and surpluses always reduce prices until competition produces a price where there are no more surpluses or shortages.
Increase in unit selling price while other costs remains same will increase the contribution margin and reduce the breakeven point.
Give out free / subsided seeds to increase food harvest and reduce food prices.
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b. Shortages always raise prices and surpluses always reduce prices until competition produces a price where there are no more surpluses or shortages. ;D