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What else can I help you with?
How do you calculate marginal revenue cost by math and graphically and marginal in general?
Profit=Total revenue - Total cost
Is -5 marginal revenue positive negative or zero?
A wild guess is that it is negative.
The additional income from selling one more unit of a good sometimes equal to priceis?
The additional income from selling one more unit of a good is referred to as marginal revenue. In a perfectly competitive market, this marginal revenue is equal to the price of the good because firms can sell as many units as they want at the market price without affecting it. However, in monopolistic or imperfectly competitive markets, marginal revenue can be less than the price due to the need to lower the price to sell additional units. Thus, while marginal revenue is often equal to price, this is not universally true across all market structures.
If marginal revenue is zero total revenue remains unchanged?
Yes. This is because when MR is at 0, TR is at is maximum. Generally firms produce at MR=MC, therefore if MR < 0, then MC > MR and firms will not produce at the this point. And so when MR = 0, this will be the total level of revenue achieved, and so total revenue remains unchanged
How do you find the markup of 50 percent a 200 dollar suit?
Calculate the marginal cost of producing the suit. In an ideal, competitive world, the marginal cost = price, so this will be our base. Then you simply find 200 - marginal cost and this provides you the markup.
What is the distinction between marginal revenue product and marginal revenue?
I'm thinking that marginal revenue product is the marginal revenue on one product, and marginal revenue is the marginal revenue on the whole firm sales... I'm wondering the same thing but the above response is incorrect. both terms imply values on one item as indicated by the "marginal"
How does a monopolistically competitive firm determine its profit-maximizing price?
price = marginal revenue. marginal revenue > average revenue. price > marginal cost. total revenue > marginal co
A company is maximizing profit when marginal revenue?
A company maximizes profits when marginal revenue equals marginal costs.
Marginal revenue curve?
Explain why the marginal revenue(MR) is always less than the average revenue (AR)?
What is the formula to find the marginal cost?
Marginal Cost = Marginal Revenue, or the derivative of the Total Revenue, which is price x quantity.
How can one determine the marginal revenue formula for a business?
To determine the marginal revenue formula for a business, you can calculate the change in total revenue when one additional unit of a product is sold. The formula for marginal revenue is MR TR/Q, where MR is marginal revenue, TR is the change in total revenue, and Q is the change in quantity sold. By analyzing the revenue data and applying this formula, businesses can determine their marginal revenue.
A monopolist will set its production at a level where marginal cost is equal to?
A monopolist will set production at a level where marginal cost is equal to marginal revenue.
What is the meaning of average revenue and marginal revenue?
what is average revenue?
Marginal revenue equals?
marginal cost of production
Why do the demand and marginal revenue curves coincide?
Because in Pure Competition, Demand equals Price, and Price equals Marginal Revenue;hence, Demand equals Marginal revenue.
Profits will be maximized when marginal revenue?
Profits will be maximized when marginal revenue is equal to marginal costs. This will only happen in cases where there are fixed costs.
How can one determine the total revenue from marginal revenue in a business setting?
To determine total revenue from marginal revenue in a business setting, you can multiply the marginal revenue by the quantity of goods or services sold. This will give you the total revenue generated from each additional unit sold.
