Start learning 50% faster. Sign in now
When the marginal benefit of producing an additional unit of a good (in this case, apples) is greater than the marginal cost of producing it, a rational producer will increase production to maximize profit or utility. The producer should continue to produce more apples until the marginal benefit equals the marginal cost. This is a fundamental principle in economics: as long as the benefit of producing an additional unit exceeds its cost, production should continue to increase.
Which trilateral exercise aims to enhance maritime security and interoperability among India, the Maldives, and Sri Lanka?
What is the primary purpose of the C-295MW transport aircraft received by the Indian Air Force from Airbus?
Who won the 2022 Adelaide International 1 tennis tournament played in Adelaide, South Australia, Australia?
Fragrance & Flavour Development Centre has been set-up in the year 1991 by Ministry of ____________.
What does the State of the Cryosphere Report 2023 warn about the impact of a 2°C global warming scenario?
In which of the following Indian currency notes the Chariot of Hampi (Karnataka) is inscribed?
Which Indian state has initiated a caste-based census, becoming the second statefter Bihar to undertake this exercise?