Respuesta :
The new efficient level of reading is (higher or less) than it was before the decline in the marginal cost of reading. Additionally, the net advantages of reading at an efficient level have (increased or decreased).
What is marginal cost?
The volume of output and the price per unit of a product that will maximise profits are determined by economic metrics such as the marginal cost of production and marginal revenue.
The link between contribution margin and the minimum cost of production enables rational businesses to pinpoint the point at which they can generate the maximum amount of profit. Here, achieving marginal revenue equality over marginal cost is the desired outcome.
The continual, comparatively steady costs of running a business that are independent of production levels are known as fixed costs. They comprise all-encompassing overhead costs including salary and wages, building rent, or electricity bills.
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