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.

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 ago

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marginal revenue equals marginal cost to maximize total revenue

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Marginal revenue, graphically, is A.the vertical intercept of a line tangent to the total revenue...

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