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...
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 total revenue by the number of units sold.Answer and Explanation: When a monopolist wants to se...
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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] ...
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 ...
The marginal revenue function of a commodity is MR = 9 + 2x - 6x^(2), find the total revenue function.
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...
Marginal revenue for a monopolist is computed as A. average revenue times quantity divided by price. B. total revenue divided by quantity sold. C. average revenue divided by quantity sold. D. change in total revenue per one unit increase in quantity sold. 查看完整题目与答案...
For the monopolist, marginal revenue is always less than the price of the good.A.正确B.错误的答案是什么.用刷刷题APP,拍照搜索答疑.刷刷题(shuashuati.com)是专业的大学职业搜题找答案,刷题练习的工具.一键将文档转化为在线题库手机刷题,以提高学习效率,是学习的生产
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 ...