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...
Why, in the case of a monopolist, is the marginal revenue at any output less than the output price? Why is profit maximization given by marginal cost equals marginal revenue in a monopolistic market? a. Why, in the case of a monopolist, is...
A monopolistic firm ___.<br/> A、can sell as much as it wants for any price it determines in the market.<br/> B、cannot sell additional quantity unless it raises the price on each unit.<br/> C、chooses an output at which marginal revenue eq
96、边际产品转换率(Marginal rate of product transformation) 边际产品转换率是指生产可能性曲线斜率的负数。 97、边际替代率(Marginal rate of substitution) 边际替代率是指如果消费者在收到额外一单位商品X之后要保持满足水平不变而必须放弃的商品Y的数量。 98、边际收益(Marginal revenue) 边际收益是指出售额外一...
A profit maximizing firm will expand output as long as marginal revenue is: A.less than marginal cost.B.greater than marginal cost.C.less than average variable cost. 点击查看答案&解析手机看题 单项选择题 There are four main barriers to entry. Which of the following is NOT a barrier to entr...
96、边际产品转换率(Marginal rate of product transformation) 边际产品转换率是指生产可能性曲线斜率的负数。 97、边际替代率(Marginal rate of substitution) 边际替代率是指如果消费者在收到额外一单位商品 X 之后要保持满足水平不变而必须放弃的商品 Y 的数量。 98、边际收益(Marginal revenue) 边际收益是指出售...
Marginal revenue is equal to the selling price Economic profits will not be earned for any significant period of time The firm is best described as existing in a(n): A. purely competitive market. B. price searcher market. C. monopolistic market structure. 相关知识点: 试题...
B) marginal revenue and average total cost. C) price equals marginal revenue. D) all of the above E) none of the above Answer: E Diff: 1 Section: 10.1 9) As the manager of a firm you calculate the marginal revenue is $152 and marginal cost is $200. You should: A) expand output...
Each firm is on the falling branch of its unit cost curve, whereas in the competitive case each firm was actually producing at locally constant costs. The difficult problem remains of introducing monopolistic competition into aggrega- tive models. For example, the value-of-marginal-product ...
Answer to: For a competitive firm, the price at every level of output equals: marginal cost. average profit. marginal revenue. average cost. By...