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What is Formula for marginal revenue?

Updated: 9/17/2019
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Q: What is Formula for marginal revenue?
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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 the formula to get the MR in economics?

Marginal Revenue (MR) = Change in Total Revenue / Change in Q


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 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


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.


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)


Marginal revenue curve?

Explain why the marginal revenue(MR) is always less than the average revenue (AR)?


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