The final column of Table 15.1 is marginal revenue, the additional revenue that a business earns from selling one more unit of output. We calculate marginal revenue by looking at the change in total revenue when output rises by one unit. For example, when Pat's sells three pills, total rev...
This process works without any need to calculate total revenue and total cost. Thus, a profit-maximizing monopoly should follow the rule of producing up to the quantity where marginal revenue is equal to marginal cost—that is, MR = MC. This quantity is easy to identify graphically, where ...
(例如,Common Grounds把产量从5增加到6时) D MR Q P O A B 垄断企业的需求曲线与MR曲线 垄断企业的需求曲线与MR曲线 Demand curve: P=a-bQ Total Revenue: R=PQ=aQ-bQ2 注意:R=P(Q)Q,这里P不是常数,而是关于Q的函数 Marginal Revenue: MR=dR/dQ=a-2bQ 注意:MR是R的一阶导数 结论:MR曲线与...
When a monopoly increases its output what is the impact of the output effect and the price effect on total revenue? What is price discrimination and how is it used to increase a monopoly's profits? Explain with a graph, how consumer surplus change...
毛小骅清华大学人文社会科学院社会科学实验班 Introductory remarks: According to the analysis of many great economists, Chinese house markets are regionally monopolistic or oligopolistic markets.(the graph above is from www.studa.net) High tariff, mainly known as land resources tariff and administrational...
total daily costs are 2000+10q if there are sales at all. (a) Q: Draw a graph to sketch and label the marginal revenue curve, and the average and marginal cost curves. A: (b) Q: Calculate the profit maximizing price and quantity and total daily profits for Zhiqiang Future. A: ∵ ...