Suppose there is a monopoly in the industry. Derive an equation for the marginal revenue of the monopolist. Graph the demand and marginal revenue curves.How do you calculate marginal product and marginal cost of a product?How do you calculate marginal revenue if the output is 2, the price ...
How do you calculate a marginal percent?Contingency Table:The contingency table is used to tabulate the categorical data in such a way that the rows of the table represent one variable and the columns represent another. If a contingency table is written as an "m-by-n" table then it means...
In a competitive market, the Marginal Cost will determine the Marginal Revenue. In a monopoly market, the demand and supply determine the Marginal Revenue. Marginal Revenue Formula Marginal Revenue is easy to calculate. All you need to remember is that marginal revenue is the revenue obtained from...
How to Calculate the Total Annual Sales of a Company. For a small-business owner, it is important to know how much your business is going to receive in sales for a particular year. This number can be useful for a variety of reasons: It could be used to s
Explain how price effect contributes to the fact that, for a monopoly, marginal revenue is always less than the price. Why does the demand curve facing a monopolistic competitive firm slope downward in the long run, even after t...
and WW index are commonly used to measure enterprise financing constraints in the existing literature. This paper uses the method of Hadlock and Pierce (2010) for reference and uses the SA index to calculate the financing constraints of enterprises, as shown in Eq. (6). The larger the SA in...
To calculate the quantity of calculators which maximizes profit we must first find the derivative of the profit function R(q)=100q−0.1q2R(q)=100q−0.1q2 R′(q)=100−0.2qR′(q)=100−0.2q We must then set this derivative equal to zero and solve for q as follows: 100−0.2q...
Do firms really calculate marginal cost and marginal revenue to find the profit-maximizing output? Why do firms maximize profits where marginal revenue equals marginal cost? Explain, For perfectly competitive firms, profits are maximized at the rate o...
Companies aim to produce a quantity wheremarginal revenue equals marginal costto maximize profit or minimize loss. When existing firms are making a profit, new firms will enter the market. The demand curve and the marginal revenue curve then shift. New firms stop entering when all firms are mak...
Perfect Competition vs. Monopoly The opposite of perfect competition is a monopoly in which a single company controls the supply of a certain product. Consumers can't go elsewhere if the price is too high in monopoly conditions. They can only decide not to buy the product. ...