Average, total and marginal revenue, Business Economics

For the special case when firms are price takers, what is the relation between total revenue, average revenue, marginal revenue and price?
Posted Date: 11/26/2012 4:00:49 AM | Location : United Kingdom

Related Discussions:- Average, total and marginal revenue, Assignment Help, Ask Question on Average, total and marginal revenue, Get Answer, Expert's Help, Average, total and marginal revenue Discussions

Write discussion on Average, total and marginal revenue
Your posts are moderated
Related Questions
Suppose you are the only market analyst in your company's management team. Your company belongs to the energy industry. It is an oil and gas company engaged in the exploration, d

Types of Transaction on the Capital Account are stated below: It is useful to recall the basic types of transactions recorded on the capital account: foreign portfolio investme

Why is the growth rate and significant for development? The rate of economic development is the percentage increase within real GDP over twelve months. • The higher rate of

What do you mean by the term earned value analyses?  What are additional insights into the dynamics of a project afforded via the use of EVA? Earned value implies, in effect, t

Normal 0 false false false EN-IN X-NONE X-NONE MicrosoftInternetExplorer4 a) Many are concerned

explain why each of the following factors influence the own price elasticity of demand for a comodity 1. Consumer preferences 2. the narrowness of definiton of the commodity

In a model where a continuum of individuals have preferences for consumption and leisure as follows w i = c i + ln(x i ) and individuals differ in their labour endowments e

What would primary markets look like in absence of secondary markets?

Things like housing and autos tend to be affected by changes in interest rates due to financing is typically needed to make such purchases. If financing becomes more costly due to

Question: (a) Assume that a market is in equilibrium and all investors agree that the return on any diversified portfolio P is equal to R P = a p + b p 1 F 1 + bp 2 F 2