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
In a model of monopolistic competition with heterogeneous firms, distortions in prices drive a wedge between the marginal revenue products of factor inputs across firms. We use census data for Brazil's retail sector to study implications for aggregate productivity and relate distortions to regional ...
Question: The marginal cost of a monopolist is constant and is R10. The marginal revenue curve is given as follows: MR = 100 - 2Q The profit-maximizing price is. Monopoly: A monopoly is the market structure in which only...
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...
We consider a profit-maximizing, monopolistically competitive manufacturing firm that combines labor (L) and capital (K) to add value (Y) to raw materials. Demand slopes down in value added and the revenue function,R(Y), is concave. The production function is homogenous of degree 1. Firms ...
What Is Monopolistic Competition? What Is a Money Market Fund? What Is Machine Learning? What Is Market Share? What Is the Monday Effect? What Does Macroeconomic Mean? What Does Microeconomic Mean? What Are Multibaggers? What Does Motley Mean at The Motley Fool?
见边际消费倾向(marginal propensity to consume) 231、Average revenue 平均收益 总收益除以总销售量,即单位收益。平均收益一般与价格相等。 232、Average variable cost 平均可变成本 见平均可变成本(cost, average variable)。 233、Balance of international payment 国际收支平衡表 ...
Marginal cost(MC) is the increase to total cost resulting from the firm's decision to increase output by one additional unit per time period Variable costsare all costs that fluctuate with the level of production and sales. Total fixed cost(TFC) is the summation of all expenses that do not...
520、Marginal propensity to import(MPm) 边际进口倾向 在宏观经济学中,由于 GDP 每增加一美元而使得进口增加的美元数额。 521、Marginal propensity to save(MPS) 边际储蓄倾向 所追加的一美元可支配收入中用于储蓄的部分。注意,根据定义, MPC+ MPS= 1。522、Margina revenue(MR) 边际收益 ...
Assuming some degree of monopolistic competition and after some rearrangement, we can present employment as a function of revenue shown in Equation (2) (see Appendix 1 for full exposition).(2)lnLt=σlnaL(1−1ηD)+lnYt−σln(wp)where ηD is the price elasticity of product demand, and...