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How does a manufacturer set his or her output to maximize profit?
Wiki User
∙ 12y ago
determine athe largest gap between total revenue and total cost.
Wiki User
∙ 12y ago
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How does a manufacturer set his or her total output to maximize profit?
determine the largest gap between total revenue and total cost
When can monopolist earn an economic profit?
A monopolist earns economic profit when the price charged is greater than their average total cost. To maximize profits, monopolies will produce at the output where marginal cost is equal to marginal revenue. To determine the price they will set, they choose the price on the demand curve that corresponds to this level of production.
Difference between actual output and potential output of an economy?
Actual output is the "real" GDP ( gross domestic product). potential output is the targeted output set by the government. the difference between the actual and potential output is UNDEREMPLOYMENT!
How total revenue and total cost can help set the most profitable output level?
how does total revenue and total cost can help set the most profitable output level? ChaCha Answer: The most profitable output level ..i think is the answer
How can marginal revenew and marginal costs help set the most profitable putput level?
The most profitable output level is when marginal costs equals marginal revenue. When marginal revenue is larger than marginal cost, that means that more product can be produced for more profit.
How does manufacturer set his or her total output to maximize profit?
determine the largest gap between total revenue and total cost
How does a manufacturer set his or her total output to maximize profit?
determine the largest gap between total revenue and total cost
When can monopolist earn an economic profit?
A monopolist earns economic profit when the price charged is greater than their average total cost. To maximize profits, monopolies will produce at the output where marginal cost is equal to marginal revenue. To determine the price they will set, they choose the price on the demand curve that corresponds to this level of production.
The set of output values of a function or relation?
The set of output values of a function or relation is the range
What is the price of a dozen apples?
Food sellers in each state dictate the set price of food to maximize profit. A national grocery chain in New York might sell a dozen apples for $8.75. In the farmer's Market, the price might be $5.67.
What is the set of all possible output values of a function or relation?
The Range is the set of all possible output values of a function or relation.
How should you set the needle and seat in your carburetor?
Set it to exact manufacturer specifications.
Can discount eggs be bought directly from the manufacturer?
Yes, it is possible to buy eggs drom the manufacturer. Simply one must find the manufacturer in a location near them, set an appointment, and go there at the set up time.
Where should one take Nintendo DS games for a reasonable profit?
Before trying to sell them to any actual stores, try selling them online. That way, you get to set the price. Many electronics stores will try to give you the lowest price possible in order to maximize their profits.
What is The relation is the set of output values for the relation?
A relation doesn't have an "output value", in the sense that a function does. A set of values is either part of the relation, or it isn't.
How does a wholesaler set their pricing from the manufacturer?
Standard pricing for the wholesaler is purchase cost from the manufacturer plus 40%.
What is answer set programming?
programming is set and develop for software &what uou want you will get output
