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How do you calculate marginal revenue cost by math and graphically and marginal in general?
Wiki User
∙ 14y ago
Profit=Total revenue - Total cost
Wiki User
∙ 14y ago
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What is marginal revenue?
Marginal revenue is the change in total revenue over the change in output or productivity.
Is -5 marginal revenue positive negative or zero?
A wild guess is that it is negative.
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 calculate revenue per available room?
Total Room Revenue in a Given Period, Net of Discounts, Sales Tax, and Meals---------------------------------------------# of Available Rooms in Same Period
What is the application of differentiation in real life?
Differentiation has various applications in real life. For example, in economics, it helps determine the marginal cost and revenue functions, which are essential for maximizing profit. In physics, it is used to calculate rates of change of quantities like velocity and acceleration. In medicine, differentiation is used to determine the rate at which a tumor is growing.
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
Why the marginal revenues curve is always half of the demand curveexplain graphically and algebrically?
Firms in most cases opt to select prices in the elastic regions of their demand curve. This fact explains why marginal revenue curve is always below.
What is marginal revenue?
Marginal revenue is the change in total revenue over the change in output or productivity.
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.
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?
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.
Marginal revenue equals?
marginal cost of production
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.
