Welcome to Westonci.ca, where finding answers to your questions is made simple by our community of experts. Experience the ease of finding precise answers to your questions from a knowledgeable community of experts. Explore comprehensive solutions to your questions from a wide range of professionals on our user-friendly platform.
Sagot :
Standard profit-maximizing idea leaves room for cases where it is both possible and real looking for a company to function at a loss over the long run. This statement is false.
What is the widespread income maximization position of a firm?
All firms maximize earnings when their marginal price is equal to the marginal product. This dollar amount should also be the selling price that maximizes profits.
The profit-maximizing rule is to produce the extent the place marginal fee equals marginal revenue. For a flawlessly aggressive firm, its marginal income equals the market price.
In long-run equilibrium, a aggressive association produces at the point of the minimum average whole cost. In perfect competition, companies will set the fee at the minimal common whole cost.
Learn more about profit-maximizing theory here:
https://brainly.com/question/29663956
#SPJ4
Your visit means a lot to us. Don't hesitate to return for more reliable answers to any questions you may have. Thank you for your visit. We're dedicated to helping you find the information you need, whenever you need it. Westonci.ca is your go-to source for reliable answers. Return soon for more expert insights.