Answer:
What most likely will happen if the pie maker continues to make additional pies?
your answer is A. The marginal costs will continue to rise, increasing the total cost, while the marginal revenue remains the same, decreasing the profit.
Explanation:
If the pie maker continues to make additional pies, what would most likely happen is that: A. The marginal costs will continue to rise, increasing the total cost, while the marginal revenue remains the same, decreasing the profit earned for each pie.
The law of diminishing marginal utility states that as the unit of a good consumed by an individual increases, the additional satisfaction he or she derives from consuming additional units of the goods would start decreasing or diminishing as the units of good consumed increases.
Marginal revenue can be defined as the additional amount of money that is gained (generated) by a business firm from the sales of an additional unit of a good or service.
In this scenario, the marginal costs will continue to increase, thereby, increasing the total cost while the marginal revenue would remain the same, thereby, decreasing the profit earned for each pie when additional pies are produced.
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