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maximized when marginal revenue is greater than marginal cost c. equal to ((price - average cost) x quantity) How do you calculate marginal cost? Total revenue equals: a. Marginal revenue - marginal cost, b. Price/quantity, c. Price x quantity, d. Output - input, How do you calculate...
Marginal revenue is the additional revenue that a business can generate by producing and selling one additional unit of output. Mathematically, most businesses should produce additional units until marginal revenue equals the cost of one additional unit, known as marginal cost. Beyond this level, the...
[translate] aA monopoly maximizes profit by producing the quantity at which marginal revenue equals marginal cost. 独占通过导致边际收入合计边际成本的数量最大化赢利。[translate]
Once you’ve calculated your marginal cost, you can put it into the larger context of your business’s financials. If your marginal cost is lower than your average cost of production (your total costs divided by your number of units produced) then there’s extra revenue to be squeezed. ...
The ideal production level occurs when marginal cost equals marginal revenue (MC=MR). These two concepts, however, are different. Let’s look at the definitions: Marginal cost: The additional cost a business incurs by producing one more unit of a product or service. Marginal revenue: The ...
Marginal Cost:Marginal cost is a significant cost factor for a business firm. Firms in all types of market structures maximize profits at a point where marginal cost equals marginal revenue.Answer and Explanation: Become a member and unlock all Study Answers Start today. Try it now Create an...
2.Based on the basic theories of marginal cost, average costs, marginal revenue and marginal profit, this essay aims to conduct a quantitative analysis with a description to ascertain the best output of enterprises.试图运用边际成本、平均成本、边际收益和边际利润等基本理论,以经济管理理论中定量描述的...
reduces its prices to entice buyers to purchase additional units, average revenue decreases because average revenue is equal to the price level. If a firm keeps its prices fixed and is able to sell an additional unit of output without reducing its price, marginal revenue equals average revenue....
2) marginal revenue 边际收入 例句>> 3) equivalent marginal cost 等效边际成本 1. In this paper,the relationship between uncertainty,firms equivalent marginal costs and investment in the non perfect market is analyzed through financial option method,and the demand elasticity′s and firm s market ...