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 1 year ago

Next > < Previous

Related 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

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...

Question