Marginal revenue of individual price-taker firm

For an individual price-taker firm, marginal revenue is: (w) another term for profit. (x) constant and equal to price. (y) less than price. (z) negatively sloped.

I need a good answer on the topic of Economics problems. Please give me your suggestion for the same by using above options.

View Complete Question

Related Questions in Microeconomics

Q : Market power of profit maximizing firm

Profit-maximizing firms which have market power: (w) are mostly always subject to government price ceilings. (x) decide how much to produce and what price to charge after estimating both their production costs and market demand, altho

Q : Define Price discrimination Price

Price discrimination: The Price discrimination is a situation whenever a monopolist charges distinct price from various buyers of the similar product. This is usually done to maximize profits.

Q : Total costs from maximizes profit If

If this firm maximizes its profit as in given graph, then its total costs equal: (w) $75,000 per month. (x) $90,000 per month. (y) $15,000 per month. (z) $105,000 per month.

Q : Absolute value to specify price

Though all the time a negative number that the ______ is commonly stated like an absolute value to specify discussions. (w) price elasticity of demand (x) income elasticity of demand (y) price cross elasticity of demand (z) price elasticity of supply<

Q : Public Policy and the Distribution of

The two policies that most likely account for most of the trend toward greater income equality during 1929 and 1975 are: (w) improved educational opportunities, and tax and transfer policies. (x) reduced sex discrimination and public availability of b

Q : Substitution and elasticity of good The

The price elasticity of demand is probable to be greater the: (1) more extensively the good is seems as a need. (2) better the obtainable alternatives for producers. (3) higher the opportunity costs of production. (4) larger the number of utilizes for

Q : Computations of price elasticity of

The price elasticity of demand in given figure below for DVD games among prices of $30 and $40 is roughly: (w) 3/7. (x) 7/3. (y) 1/21. (z) 21.

Q : Effect of percentage change in price

Give the answer of following question. When the percentage change in price is greater than the resulting percentage change in quantity demanded: A) a decrease in price will increase total revenue. B) demand may be either elastic or inelastic. C) an increase in price

Q : Microeconomics Assignment Please give

Please give me a quote for this uploaded assignment. I need it by the 10th of may 2013. Thank You

Q : Problem on coefficient of income

Refer to the following diagrams give the answer of following question. In which case would the coefficient of income elasticity be positive? 1) A 2) B 3) C 4) D

Discover Q & A

Leading Solution Library

Avail More Than 1427327 Solved problems, classrooms assignments, textbook's solutions, for quick Downloads

No hassle, Instant Access

Start Discovering

18,76,764

1952083
Asked

3,689

Active Tutors

1427327

Questions
Answered

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

Submit Assignment