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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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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
What is marginal revenue?
Marginal revenue is the change in total revenue over the change in output or productivity.
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
How do you calculate marginal revenue cost by math and graphically and marginal in general?
Profit=Total revenue - Total cost
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.
What is a change to the total revenue resulting from the sale of one more unit of output in aa perfectly competitive from?
The change of total revenue per unit sold is known as marginal revenue. In a perfectly competitive firm, marginal revenue = marginal cost = price.
What is the marginal revenue?
Marginal revenue is the amount of revenue which comes from every increase of a unit sales of . take a example. 5 mangoes sold at 60 Rs. 6 mangos sold at Rs 70. Thus the marginal revenue for 6th mango is 10/- Rs . formula is marginal revenue = total sales value/ no of units (-) total sales value/ no of units {after adding the units)
What revenue is the change in total revenue that results from selling one more unit of output?
Marginal Revenue =
What is the formula to get the MR in economics?
Marginal Revenue (MR) = Change in Total Revenue / Change in Q
Discuss equilibrium of a firm under monopoly what are the conditions of equilibrium?
when marginal revenue equal to marginal cost,when marginal cost curve cut marginal revenue curve from the below and when price is greter than average total cost
Why are profit maximize when marginal revenue is equal to marginal cost?
Profits are maximized when marginal costs equals marginal revenue because fixed costs are now spread over a larger amount of revenue. This means that total cost per unit declines and profits increase. Another way to say this is that this is the effect of scale. When marginal revenue equals marginal costs, in a growing revenue situation, you gain economies of scale and higher profits.
Differentiate average revenue and marginal revenue?
Average Revenue: Total revenue divided by the number of units sold. Marginal Revenue: Is the extra revenue that an additional unit of product will bring. It is the additional income from selling one more unit of a good; sometimes equal to price. It can also be described as the change in total revenue ÷ the change in the number of units sold. Relationship: They both are the revenue brought in by, in this case, units sold. They are both used to calculate the total revenue just that marginal is any exrta revenue that the average revenue has left over.
What is the revenue'?
Marginal revenue is the amount of revenue which comes from every increase of a unit sales of . take a example. 5 mangoes sold at 60 Rs. 6 mangos sold at Rs 70. Thus the marginal revenue for 6th mango is 10/- Rs . formula is marginal revenue = total sales value/ no of units (-) total sales value/ no of units {after adding the units)
