Marginal revenue for purely competitive firm

For a purely competitive firm and for a nondiscriminating unregulated monopolist, the marginal revenue is: (1) identical to the price per unit of output. (2) equal to marginal cost when profit is maximized. (3) greater than average revenue per unit of output [TR/Q]. (4) maximized at the profit-maximizing rate of output. (5) negative in the elastic range of the demand curve.

Can someone explain/help me with best solution about problem of Economics...

View Complete Question

Related Questions in Microeconomics

Q : Marginal cost due to technology Due to

Due to enhancement of technology, the marginal costs of televisions encompass vanished. How will it influence the supply curve of television? Answer: Supply curve w

Q : Monopoly competition and perfect

Write down the differentiations between monopoly competition and perfect competition?

Q : Problem Set #2 Graduate Level Problem

Graduate Level Problem Set. First question is in relation to the article the Population Problem: Theory and Evidence by Partha Dasgupta.

Q : Output level at demand in a

Babble-On maintains world-wide patents for software which translates any of 314 spoken languages within text, with automatic audio and text translations in any of the other three-hundred-thirteen languages. Babble-On will never intentionally produce as well as sell vo

Q : Division of Labor I have a problem in

I have a problem in economics on Division of Labor. Please help me in determining the right answer from the following question. Shannon brewing an espresso drinks whereas Kelly bakes the croissants at their coffee shop are an illustration of: (i) Comp

Q : Price fluctuations to go bankrupt in

Speculators are most probable to go bankrupt when their activities: (w) increase price fluctuations. (x) decrease transaction costs to other buyers or sellers. (y) dampen the volatility of prices. (z) improve economic efficiency.

Q : Prices of output and economic profit in

for a purely-competitive decreasing-cost industry in a short run equilibrium in that typical firms temporarily produce economic profits, and the average total costs a typical firm incurs are positively associated to t

Q : Similarity of elasticities of demand

When a price hike for regular gas from $2.00 to $2.20 reduces quantity demanded from 20 million gallons to 19 million gallons daily, and an raise in the price of premium gas from $3.00 to $3.20 decreases its quantity demanded daily from 20 million gal

Q : Main cause of oligopolies A main cause

A main cause of oligopolies is: (w) mergers. (x) economies of scale. (y) barriers to entry. (z) all of the above. Please choose the right answer from above...I want your suggestion for the same.

Q : Marginal revenue of price taker firm A

A price-taker firm’s marginal revenue is: (w) constant and identical to price. (x) less than average revenue. (y) sufficient to cover all short-run costs. (z) determined by the firm’s supply curve.

Discover Q & A

Leading Solution Library

Avail More Than 1430566 Solved problems, classrooms assignments, textbook's solutions, for quick Downloads

No hassle, Instant Access

Start Discovering

18,76,764

1925158
Asked

3,689

Active Tutors

1430566

Questions
Answered

Start Excelling in your courses, Ask an Expert and get answers for your homework and assignments!!

Submit Assignment