0
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
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Earn +20 ptsQ: If marginal revenue is zero total revenue remains unchanged?
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Continue Learning about Math & Arithmetic
What is marginal revenue?
Marginal revenue is the change in total revenue over the change in output or productivity.
How do you calculate marginal revenue cost by math and graphically and marginal in general?
Profit=Total revenue - Total cost
How is total revenue calculated?
Total revenue is calculated by multiplying the price of the product sold by the quantity sold. PQ = R. Total profit is total revenue minus costs incurred. R-C = P
What are the four measures of cost?
marginal cost, total cost, variable, and fixed cost
True or false Profit equals Total Cost less Total Revenue?
TRUE
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