Explain why the marginal revenue(MR) is always less than the average revenue (AR)?
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.
Profit is maximized on a graph where the marginal cost curve intersects the marginal revenue 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.
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
the point where the marginal cost curve intersects the marginal revenue 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.
Profit is maximized on a graph where the marginal cost curve intersects the marginal revenue 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.
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
the point where the marginal cost curve intersects the marginal revenue curve
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.
it will be parallel to horizantal axis
my name is sheela sheela ki jawani
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
Marginal Revenue = Marginal Cost; mark-up price to the demand curve.
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.
This question reflects a fundamental misunderstanding of supply and demand. Marginal revenue and average revenue are related to a firm's cost function, and are thus connected to SUPPLY. They have nothing to do with a demand curve in classical economics, which is the marginal benefit to the CONSUMER of being in the market.