Question
In: Economics
Marginal revenue, graphically, is A.the vertical intercept of a line tangent to the total revenue...
Marginal revenue, graphically, is
| A. | the vertical intercept of a line tangent to the total revenue curve at a given point. | |
| B. | the slope of a line from the origin to a point on the total revenue curve. | |
| C. | the horizontal intercept of a line tangent to the total revenue curve at a given point. | |
| D. | the slope of the total revenue curve at a given point. | |
| E. | the slope of a line from the origin to the end of the total revenue curve. |
Solutions
Expert Solution
Marginal revenue, graphically, is
|
the slope of the total revenue curve at a given point. Option D.the slope of the total revenue curve at a given point |
is correct answer
Reason -The Marginal Revenue Curve versus the Demand Curve.Graphically, the marginal revenue curve is always below the demand curve when the demand curve is downward sloping since when a producer has to lower his price in order to sell more of an item, marginal revenue is less than price.
Rahul Sunny answered 2 years agoRelated Solutions
show graphically and explain how the x-intercept, the y-intercept and the slope of the budget line...
show graphically and explain how the x-intercept, the
y-intercept and the slope of the budget line changes for each of
the following scenarios
a. The price of X changes
b. the price of y changes
c. Money income changes
marginal revenue equals marginal cost to maximize total revenue
marginal revenue equals marginal cost to maximize total
revenue
The difference between total revenue and total cost is: marginal revenue. nominal revenue. average revenue. economic...
The difference between total revenue and total cost is:
marginal revenue.
nominal revenue.
average revenue.
economic profit or loss.
Total revenue is a firm's:
difference between revenue and cost.
ratio of revenue to quantity.
change in revenue resulting from a unit change in output.
total output times the price of that output
Complete the following cost and revenue schedule. Price Quantity Demanded Total Revenue Marginal Revenue Total...
Complete the following cost and revenue schedule.
Price
Quantity Demanded
Total Revenue
Marginal Revenue
Total Cost
Marginal Cost
Average Total Cost
200
0
240
180
10
360
160
20
500
140
30
660
120
40
840
100
50
1040
80
60
1260
60
70
1500
40
80
1760
20
90
2040
a. At what rate of output are profits maximized within this
range?
b. What are total profits at that output rate?
Quantity Total Revenue Marginal Revenue Total Cost Marginal Cost Fixed Costs ATC Average Fixed Costs Average...
Quantity
Total Revenue
Marginal Revenue
Total Cost
Marginal Cost
Fixed Costs
ATC
Average Fixed Costs
Average Variable Costs
0
0
-
10
-
10
-
-
-
1
8
24
14
24
2
16
34
10
17
3
24
42
8
14
4
32
49
7
12.25
5
40
57
8
11.4
6
48
67
10
11.17
7
56
81
14
11.57
8
64
99
18
12.38
9
72
123
24
13.67
1b. At a price of $14, what is...
Question 1 Output total cost marginal cost fixed cost average cost Total revenue average revenue Marginal...
Question 1
Output
total cost
marginal cost
fixed cost
average cost
Total revenue
average revenue
Marginal
revenue
0
10
0
1
16
20
2
26
40
3
40
60
4
60
80
5
88
100
6
120
120
A) Complete the missing data on the table
B) What is the selling price of a laptop case explain your
answer
c) What is the profit maximizing level of output for this firm
explain your answer
d) create a graph using three...
Why does marginal revenue decrease when total revenue increases? I understand how to calculate marginal revenue...
Why does marginal revenue decrease when total revenue increases?
I understand how to calculate marginal revenue and total revenue
and I've looked at images of the two curves but I don't understand
the reason behind what's happening.
Determine the slope of the tangent line, then find the equation of the tangent line at...
Determine the slope of the tangent line, then find the
equation of the tangent line at
1. x= 3 sin(t), y= cos(t), t=pi/6
2. x= sqrt t, y= 3t, t=36
Determine the slope of the tangent line, then find the equation of the tangent line at...
Determine the slope of the tangent line, then find the equation
of the tangent line at t=−1 .
x= 9t,
y=t^2
Define and explain the relationship between total revenue, average revenue, and marginal revenue for a monopolist....
Define and explain the relationship between total revenue,
average revenue, and marginal revenue for a monopolist. What is
monopoly profit? Should a monopolist produce quantities of product
greater than that which would maximize profits?
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