Marginal revenue (mr), Managerial Economics

Marginal Revenue (MR)

This is the increase in Total Revenue resulting from the sale of an extra unit of output.  Thus, if TRn-1 is Total Revenue from the sale of (n-1) units and TRn is total revenue from the sale of n units, then the marginal revenue of the nth unit is given as:

dTR = P(1 - 1/Ed)   or   TRn - TRn - 1

dQ

Posted Date: 11/28/2012 5:00:29 AM | Location : United States







Related Discussions:- Marginal revenue (mr), Assignment Help, Ask Question on Marginal revenue (mr), Get Answer, Expert's Help, Marginal revenue (mr) Discussions

Write discussion on Marginal revenue (mr)
Your posts are moderated
Related Questions

Q. Define Profit maximisation theory? Profit maximisation theory defines that firms (corporations orcompanies) will establish factories where they see potential to achieve the

The services of a certified psychologist cost $110 per hour, and an extended health plan covers 50 percent of that cost. Under the plan, the clients covered used 625 hours of this

Q. Product of marginal revenue? MRPL is the product of marginal revenue and marginal product of labour or MRPL = MR x MPL. • Derivation: MR = ?TR/?Q MPL = ?Q/?L

a. Explain why the demand for a particular brand is more elastic than the demand for all cigarettes. If Lucky Strike raised its price by 1% in 1918, was the price elast

what is the uses of production functns?

Q. Explain about Utility analysis? A subset of consumer demand theory which analysis consumer behaviour and market demand employing marginal utility and total utility. Key prin

asumption and limitation of increemrntal,oppurtunity cost

Discuss and analyze following statement: When Burton Cummings graduated with honors from the Canadian Trucking Academy, his father gave him a $350,000 tractor-trailer rig. Rec

Q. Characteristics of perfect competition market? Following are the characteristics of perfect competition market:  • Large Number of Sellers andBuyers: As there are a lar