the economy of America is based primarily on the free enterprise system. such tactics is wholly opposed to this system.
A monopolist will set production at a level where marginal cost is equal to marginal revenue.
In a competitive market, the price does equal the marginal revenue.
equal to marginal revenue
Where the marginal benefits equal marginal costs.
In a perfectly competitive market, marginal revenue is equal to price.
A monopolist will set production at a level where marginal cost is equal to marginal revenue.
when marginal benefit is equal to marginal cost To be more specific: When the marginal damage cost of polluting is equal to the marginal abatement cost of polluting (or the marginal benefit of polluting, which is equivalent to the MAC)
In a competitive market, the price does equal the marginal revenue.
equal to marginal revenue
equal to marginal revenue
Where the marginal benefits equal marginal costs.
In a perfectly competitive market, marginal revenue is equal to price.
In a perfectly competitive market, the price is equal to the marginal revenue.
equal to marginal revenue
when the marginal benefit of consumption is equal to the marginal cost of production.
Profits will be maximized when marginal revenue is equal to marginal costs. This will only happen in cases where there are fixed costs.
marginal cost influences the buyer of the house. If the marginal benefit surpasses or even equal with the marginal cost, the buyer normally decides to buy the house.