Well, hold on...
There are interpretations to this...
One being, the audio level may stay the same - but only if you are using signal tones - not voice.
IF you use voice - and have a fan running in the background (work with me here - the example). Then, for starters, and the Mic gain is say at - only 1/4 the way up (25%) the pickup will be mostly from the voice. But, as you increase the mic gain and the Mic element is not a noise cancelling one - you'd have that fan coming in with you "COMPRESSING" into the audio line to the radio...the audio "level" may not go up but the audio PRESENCE of what the mic element picks up, certainly does...
Now, if the Mic gain control being analog is not right - you can have a "tonal effect" which is a lot like you'd get in R/C series circuits - meaning - if the "pots" ground lead is open - the resistive element of the pot then becomes part of a tonal filter...the "C" part is the blocking cap to transfer audio from the mic Gain circuit into the mic amp and limiter sections.
You start out with a "thin" bodied- but weak signal - (Full resistive element) that changes volume to a given level then little else - but Tonal effects are more pronounced. Onto even a more bass boost effect until the radios own processing filters start to pare down and peak the spectrum at a given bandwidth.
You may not notice the effect because the limiter as well as the bandpass is kicking in to trim the mics audio.