glydelxc1435 glydelxc1435

28-07-2022
Business

contestada

We can measure the profit earned by a firm in a perfectly competitive industry as:________

Respuesta :

tutorconsortium341 tutorconsortium341

04-08-2022

We can measure the profit earned by a firm in a perfectly competitive industry as Marginal Revenue.

What is Marginal Revenue?

The additional revenue generated by the sale of one more unit of output is known as marginal revenue (MR).
Although marginal revenue can remain constant at a certain level of output, it will eventually start to decline as the output level rises due to the law of diminishing returns.
According to economic theory, firms that are completely competitive keep on producing goods until marginal revenue and marginal cost are equal.
If a business wants to maximize its profits, it will produce until marginal cost equals marginal income.
Businesses often conduct a cost-benefit analysis and stop production when marginal revenue is less than marginal cost.

To know more about marginal revenue with the given link https://brainly.com/question/13383966

#SPJ4

Answer Link

Otras preguntas

Select the correct text in the passage. Select the text that best supports the inference that Cordelia has forgiven King Lear. LEAR: …I think this lady To be my

An open rectangular box with a volume of 12 cubic meters has a length that is 5 times the width. Express the surface area of the box as a function of the length

Consider all seven-digit numbers that can be created from the digits 0-9 where the first and last digits must be odd and no digit can repeat. What is the probab

Your family is driving to Disney which is 1000 miles away The first day your family drives 600 miles in 10 hours and the second day they drive the remaining dis

1. Given the points A (2, 14) and B (17, -6). (a) Find the distance of the line AB. (b) Find the midpoint of the line AB. (c) Find the gradient of the line AB.

Henry leads a team of hikers for a full-day hike that takes 8 hours. Every hour, the hikers gain 250 feet in elevation. • The independent variable is ____, ____

(2.) Jerry first walks 5m to East, then 6m to N 60 E, then, she walks 16m to N30'W, 3 finally turns he face and moves 3V3m to south. What is her displacement an

Solve: 12x- +5x-4-_ = 172x+6 O x=2 0 x==5 O x=2 x=-5 no solution

decrease 2155.45 by 18.5 round 2dp

What does Babbie mean when he says that “things are not what they seem” when we read about controversial issues such as welfare?

ACCESS MORE EDU ACCESS