What should a firm do once it realizes it is in a situation with a diminishing marginal product? The firm - stop producing additional units. If marginal product is -, the firm should continue production if it can sell the output for more than the - costs.
Answers (1)
Know the Answer?
Not Sure About the Answer?
Find an answer to your question 👍 “What should a firm do once it realizes it is in a situation with a diminishing marginal product? The firm - stop producing additional ...” in 📗 Business if the answers seem to be not correct or there’s no answer. Try a smart search to find answers to similar questions.
Search for Other Answers
You Might be Interested in
Lemu Co. and Young Co. are under the common management of Ego Co. Ego can significantly influence the operating results of both Lemu and Young.
Answers (1)
Forever Quilting is a small company that makes quilting kits priced at $120 each. There is no quantity discount. The costs of the materials that go into each kit total $45. It costs $5 in labor to assemble a kit.
Answers (1)
Out of fears that the money supply is too large, the federal reserve has decided to decrease the money supply. how could the federal reserve accomplish this?
Answers (1)
Garland Mills purchased a certain piece of machinery 4 years ago for $500,000. Its present resale value is $340,000.
Answers (1)
At wich step is a solution implemented in the decision-making process of solving a workplace problem?
Answers (1)
New Questions in Business
What causes a change in the demand curve or a shift
Answers (2)
Glenda, a sales representative for revo appliances inc., had to deliver a presentation on her company's latest offering: an innovative food processor. her target clients were senior managers and chefs from a reputed restaurant.
Answers (1)
To discover the extent to which economic status can be used to predict political preferences?
Answers (1)
In the current year, Mitchell Manufacturing expected Job No. 13 to cost $600,000 of overhead, $650,000 of materials, and $400,000 of labor. Mitchell applied overhead based on direct labor cost.
Answers (1)
Cullumber Company has issued three different bonds during 2019. Interest is payable annually on each of these bonds. 1. On January 1, 2019, 1,000, 6%, 5-year, $1,000 bonds dated January 1, 2019, were issued at face value. 2.
Answers (1)