Question
Capacity will be modified in response to demand. Demand will be modified in response to capacity. Which of these two statement is correct? Why?
Answer :
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Skip in 10
True. Capacity has no value if marginal cost is greater than marginal revinue! the demand curve is to be hit at the point where the greateds revinue can be made and the least amount of cost!
When there is demand for more goods and services than current capacity can support at the lowest unit costs, capacity is expanded to provide greater output at the lowest cost. Meanwhile, the extra supply comes from less efficient methods of producing above normal capacity rates. Examples are working staff overtime, running equipment beyond it's recommended number of hours between preventative
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