What is the reason for the marginal revenue of a monopolist below its average revenue?Revenue:The marginal revenue of a firm is the extra revenue earned when another unit is sold. On the other hand, the average revenue is the per-unit revenue found by dividing the to...
The marginal revenue of a monopolist is always lesser than the price of its good. It is so because the monopolist has to reduce its price to make more... Learn more about this topic: Monopolistic Competition | Definition, Characteristics & Examp...
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A monopolist's marginal revenue is less than the price of its product because: (1) its demand curve is the market demand curve, so (2) to increase the amount sold, the monopolist must lower the price of its good for every unit it sells. (3) This cut in prices reduces revenue on ...
aI will silently guard at your side 我将沈默地守卫在您的边 [translate] aturn off phone 关闭电话 [translate] aA monopolist’s marginal revenue is always less than the price of its good (MR < P) 垄断者的边际收入比价格总是较少的它好(先生< P) [translate] ...
The profit maximizing output level of a monopolist occurs where marginal revenue equals marginal cost. Marginal revenue is always less than price under imperfectly competitive markets because to sell an extra unit of output the firm must lower the price of all units, not just the marginal one.3...
The marginal revenue function of a commodity is MR = 9 + 2x - 6x^(2), find the total revenue function.
aUse the following demand schedule for a monopolist to calculate total revenue (TR) and 为垄断者使用以下需求日程表计算总收支 (TR) 和 [translate] amarginal revenue curve and the total revenue. Identify the elastic, unit elastic and inelastic 边际收入曲线和总收支。 辨认弹性,单位有弹性和无弹性 ...
A monopolist will maximize profits by producing at the output level where marginal revenue equals marginal cost and charging a price on the demand curve that corresponds to the output rate. This will maximize profits. The goal of the monopolist is to maximize profits, not revenue (as suggested ...
How Monopolists Set Price with the Demand Curve Total Cost and Total Revenue for a Monopolist Marginal Revenue and Marginal Cost for a Monopolist Inefficiency of Monopoly Perfectly Competitive Market Monopolistic Competition Duopoly Oligopoly Differentiated Products ...