C、marginal revenue will equal average total cost. D、price will exceed marginal revenue. 点击查看答案 第7题 Total profit for a firm is calculated as A、a. (marginal revenue) minus (average cost). B、b. (average revenue) minus (average cost). C、c. (marginal revenue) minus (marginal ...
What is the difference between marginal revenue product (MRP) and value marginal product (VMP)? Production: Production refers to the creation of goods and services. There are different types of production which include batch production, job production, and flow production. ...
The law of diminishing marginal utility implies that the marginal utility for a particular product: A) remains constant, regardless of how much of the product is consumed. B) remains constant as long Suppose that marginal utility of Good X = 100, the price of X is $10 per unit, and th...
Is marginal revenue the same as profit? No. Marginal revenue is the additional income (not profit) gained from selling one more unit of product. The sale is profitable only if the marginal revenue is higher than the marginal cost of producing that unit. How is marginal revenue calculated? Ma...
To identify the global minimum, the intersection of Equation (5) for both local solutions is calculated, which gives a unique solution for [d[eta].sup.opt.sub.powertrain] as a function of marginal costs as shown in Equation (8): Optimal implementation of lightweighting and powertrain efficienc...
Since Jan had to drop her price $1 in order to produce and sell an extra unit, her revenue per unit went down, but her total revenues went up. Thus, Jan’s marginal revenue for this product is $49. We calculated that by multiplying the new production amount (2,001 units) by the ...
The proportional amount of taxes paid on a given income or the given dollar value of an asset. If the tax is calculated on the basis of total income, it is the average tax rate. If the tax is calculated only on extra units of income, the rate is the marginal tax rate. ...
Marginal cost is the incremental cost when one additional unit of a product or service is produced, computed as change in total costs divided by change in quantity. A company can optimally increase units of production to the point where marginal cost equals marginal revenue. If marginal revenue ...
Marginal revenue product (MRP), also known as the marginal value product, is the marginal revenue created due to an addition of one unit of resource. The marginal revenue product is calculated by multiplying the marginal physical product (MPP) of the resource by the marginal revenue (MR) gener...
As noted above, total revenue is the total amount of sales of goods and services. It is calculated by multiplying the total amount of goods and services sold by their price. Marginal revenue is directly related to total revenue because it measures the increase in money made from selli...