answersLogoWhite

0


Want this question answered?

Be notified when an answer is posted

Add your answer:

Earn +20 pts
Q: Show proof by way of computing when demand is elastic marginal revenue is positive but less than price?
Write your answer...
Submit
Still have questions?
magnify glass
imp
Related questions

When demand is perfectly elastic what happens to marginal revenue?

When Demand is perfectly elastic, Marginal Revenue is identical with price.


What will be the elasticity when marginal revenue is zero?

unit elastic


When a firm's marginal revenue is zero what can be said about the elasticity of demand for the output of the firm A. Demand is inelastic. B. Demand is elastic. C. Demand is unit elastic.?

Demand is unit elastic.


Is -5 marginal revenue positive negative or zero?

A wild guess is that it is negative.


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.


Marginal revenue curve?

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


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.


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.


Why do the demand and marginal revenue curves coincide?

Because in Pure Competition, Demand equals Price, and Price equals Marginal Revenue;hence, Demand equals Marginal revenue.