look at the instructions
In a perfect competition, a firm can sell any amount of output at a given market price. It means firm's additional revenue(MR) from the sale of every additional unit of the commodity will be just equal to the market price (i.e. AR). Hence average revenue and marginal revenue become equal (AR=MR) and constant in that situation. Consequently the AR and MR curve will be same and would be horizontal or parallel to the x-axis.
Average Revenue (AR) is equals to Marginal Revenue (MR) in Perfect competition (PC) not imperfect competition. AR can be derived from the formula= Total revenue(TR) / Quantity. Since TR = Price x Quantity, the formula now will be Price x Quantity/ Quantity and naturally, AR equals to Price. Marginal Revenue can be measured by the formula= Change in total revenue/ Change in quantity (which is 1). Since the change in total revenue will be equals to the price of the product, MR in this case will be the Price of the product. From here we can see that Price = MR = AR = Demand.
Marginal revenue (MR) is the incremental revenue for the last quantity sold, while average revenue (AR) is the mean revenue for all quantity sold. Mathematically: MR=dTR(Q)/dQ, e.i. MR is the first derivative of the total revenue function TR(Q) with respect to Q; while AR=TR(Q)/Q, e.i. is total revenue divided by Q. An interesting property of MR and AR is that when AR is falling, MR is less than AR; when AR is rising, MR is greater than AR. MR and AR intersect where dAR(Q)/dQ=0.
(inelastic portion is when MR = negative figure) Yes , because the optimum point is when MR equals to MC and there is no hell a way when MC is negative. Other than this, when the price is at the upper proportion of monopoly demand curve, the price is always higher and the monopoly firm will earn supernormal profit. Any answer which is reasonable will be accept.
It's not
The bearded man in monopoly, his name is Mr. monopoly?
In a perfect competition, a firm can sell any amount of output at a given market price. It means firm's additional revenue(MR) from the sale of every additional unit of the commodity will be just equal to the market price (i.e. AR). Hence average revenue and marginal revenue become equal (AR=MR) and constant in that situation. Consequently the AR and MR curve will be same and would be horizontal or parallel to the x-axis.
Moroo
Average Revenue (AR) is equals to Marginal Revenue (MR) in Perfect competition (PC) not imperfect competition. AR can be derived from the formula= Total revenue(TR) / Quantity. Since TR = Price x Quantity, the formula now will be Price x Quantity/ Quantity and naturally, AR equals to Price. Marginal Revenue can be measured by the formula= Change in total revenue/ Change in quantity (which is 1). Since the change in total revenue will be equals to the price of the product, MR in this case will be the Price of the product. From here we can see that Price = MR = AR = Demand.
He is Monopoly's mascot, originally named Rich Uncle Pennybags, aka Frank Moneybags, but has since been rechristened as simply 'Mr Monopoly'.
Mr. Moneybags
ar of na2co3
Marginal revenue (MR) is the incremental revenue for the last quantity sold, while average revenue (AR) is the mean revenue for all quantity sold. Mathematically: MR=dTR(Q)/dQ, e.i. MR is the first derivative of the total revenue function TR(Q) with respect to Q; while AR=TR(Q)/Q, e.i. is total revenue divided by Q. An interesting property of MR and AR is that when AR is falling, MR is less than AR; when AR is rising, MR is greater than AR. MR and AR intersect where dAR(Q)/dQ=0.
I doubt it, I don't know what Mr is..
3.14
12.56
(inelastic portion is when MR = negative figure) Yes , because the optimum point is when MR equals to MC and there is no hell a way when MC is negative. Other than this, when the price is at the upper proportion of monopoly demand curve, the price is always higher and the monopoly firm will earn supernormal profit. Any answer which is reasonable will be accept.