Marginal revenue is related to the price elasticity of demand. If the demand is inelastic, a firm will have to reduce the prices to a considerable extent to sell more of that product. In such a situation, the additional revenue for every extra unit of sale will go on decreasing. So beyon...
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...
美 英 un.边际收入 网络边际收益;利润差额;边际效益 英汉 英英 网络释义 un. 1. 边际收入 例句 释义: 全部,边际收入,边际收益,利润差额,边际效益 更多例句筛选
编辑次数:0次 | 最近更新:2007/8/23|历史版本 边际收入等于边际成本 词条标签 会计英文词汇 词条贡献人 系统生成 对marginal revenue equals marginal cost了解的人 0人 我了解 对marginal revenue equals marginal cost有兴趣的人 0人 我想了解 参与任务,您将获得...
units ofOUTPUT. The marginal revenue product of a factor is given by the factor'sMARGINAL PHYSICAL PRODUCT(MPP) multiplied by theMARGINAL REVENUEof the product. (In the case of products sold in perfectly competitive markets, marginal revenue equals price so the MRP is equal to MPPxprice.) ...
Answer to: Total revenue equals ___ x ___. a. price; quantity b. demand; marginal revenue c. average revenue; quantity By signing up,...
Supply now equals demand, and the price must reflect this. Hence, Company A may decide to reduce prices. This impacts the marginal revenue, which will also decrease. If you were to graph the marginal revenue and demand of a monopoly, they would both be downward slopes that slowly grow ...
Why is price greater than marginal revenue for a single-price monopolist, and how does this differ from perfect competition? Which of the following correctly illustrates why price (P) equals marginal revenue (MR) under perfect competition, and why pr...
Step 5: Use the marginal revenue formula (divide the change in total revenue by the change in quantity). Thus, according to the example, the marginal revenue will result from dividing $15 by 3, which equals $5. Examples of Marginal Revenue Formula ...
(a) always equals the marginal revenue (b) is always less than the marginal revenue (c) exceeds the marginal revenue (d) always equals the marginal cost of the product. You have an output (units) of 2, at a price of 16, and a marginal cost of 4. How do you get a marginal ...