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To determine the marginal revenue curve for a business, you can calculate the change in total revenue from selling one additional unit of a product. This can be done by subtracting the total revenue from selling the current quantity of products from the total revenue from selling one more unit. The resulting values can then be plotted on a graph to create the marginal revenue curve.
What else can I help you with?
Relationship between Marginal revenue and Demand curve?
marginal revenue always lies behind the demand curve,and when demand increases marginal revenue also increases.demand curve is used to determine price of a commodity.
How can one determine the marginal revenue on a graph?
To determine the marginal revenue on a graph, you can find the slope of the revenue curve at a specific point. The marginal revenue is the change in total revenue that results from selling one additional unit of a product. It is calculated by finding the derivative of the revenue function.
Marginal revenue curve?
Explain why the marginal revenue(MR) is always less than the average revenue (AR)?
Where is profit maximized on a graph?
Profit is maximized on a graph where the marginal cost curve intersects the marginal revenue curve.
How can one calculate marginal revenue from a demand curve?
To calculate marginal revenue from a demand curve, you can find the slope of the demand curve at a specific quantity using calculus or by taking the first derivative of the demand function. The marginal revenue is then equal to the price at that quantity minus the slope of the demand curve multiplied by the quantity.
Relationship between Marginal revenue and Demand curve?
marginal revenue always lies behind the demand curve,and when demand increases marginal revenue also increases.demand curve is used to determine price of a commodity.
How can one determine the marginal revenue on a graph?
To determine the marginal revenue on a graph, you can find the slope of the revenue curve at a specific point. The marginal revenue is the change in total revenue that results from selling one additional unit of a product. It is calculated by finding the derivative of the revenue function.
Marginal revenue curve?
Explain why the marginal revenue(MR) is always less than the average revenue (AR)?
Where is profit maximized on a graph?
Profit is maximized on a graph where the marginal cost curve intersects the marginal revenue curve.
How can one calculate marginal revenue from a demand curve?
To calculate marginal revenue from a demand curve, you can find the slope of the demand curve at a specific quantity using calculus or by taking the first derivative of the demand function. The marginal revenue is then equal to the price at that quantity minus the slope of the demand curve multiplied by the quantity.
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
Is there any relationship between marginal revenue curve and demand curve?
Yes, there is a relationship between the marginal revenue curve and the demand curve. For a monopolistic firm, the marginal revenue curve lies below the demand curve because the firm must lower the price on all units sold to sell additional units, resulting in diminishing marginal revenue. In contrast, for a perfectly competitive firm, the marginal revenue curve is horizontal and coincides with the demand curve, as the firm can sell any quantity at the market price without affecting it. Thus, while the two curves are related, their positions and shapes differ based on the market structure.
The price charged by a profit-maximizing monopolist occurs at?
the point where the marginal cost curve intersects the marginal revenue curve
What is the shape of the marginal-revenue curve if the total-revenue curve is a positively sloped straight line?
it will be parallel to horizantal axis
What is the shape of marginal revenue curve if the total revenue curve have concave shape?
my name is sheela sheela ki jawani
What happens when the slope of the total revenue curve is equal to the slope of the total cost curve?
a. monopoly profit is maximized. b. marginal revenue equals marginal cost. c. the marginal cost curve intersects the total average cost curve. d. the total cost curve is at its minimum. e. Both A and B
What is the condition of equilibrium for monopolist?
Marginal Revenue = Marginal Cost; mark-up price to the demand curve.
