--%>
Assignment Help - homework help

Relationship between Total Revenue and Marginal Revenue

What is the relationship among Total Revenue (TR) and Marginal Revenue (MR)?

Answer:

A) If MR is positive, TR rises although at diminishing rate.
B) If MR is Zero, TR becomes maximum.

   Related Questions in Microeconomics

  • Q : Difference between voluntary and

    Difference between voluntary and involuntry employment: Voluntary unemployment is that portion of working force not willing to engage itself is a gainful occupation. An Involuntary unemployment is that portion of labour force that is willing and capab

    		•
  • Q : Short run operations of a

    This figure in below is demonstrates the operations of a profit-maximizing pure competitor into the: (1) market period. (2) short run. (3) long run. (4) super long run since this can alter technology. (5) shutdown range of production.

    Q : Market shifting in equilibrium When

    When market begins in equilibrium at point e upon S0D0 and in that case young American families increasingly "inherit" furniture like their baby-boomer parents move within smaller retirement homes, that market will tend to shift in the direction

    		•
  • Q : Depended price on present value The

    The prospects for getting rich by buying assets at prices substantially below their present values are dampened by the: (w) special advantages you have in securing investment information. (x) lack of competition for information regarding profit opport

    		•
  • Q : Legal barriers to entry Patents are

    Patents are illustrations of: (a) legal economies of substitution. (b) legal barriers to entry. (c) natural barriers to entry. (d) marginal diseconomies of scale. Can someone explain/help me with best solution about problem of

  • Q : Applied Writing must use graphs to

    must use graphs to demonstrate/support answers where available. Submission is to be made tonight, so needs to be finished urgently

    		•
  • Q : Problem on Profit Maximization Can

    Can someone help me in finding out the right answer from the given options. When firms function in purely competitive labor markets that produce a fixed money wage of w, then firms maximize profit by hiring the labor where w = the

    		•
  • Q : Problem on Normal and Inferior Goods

    Lobster is a normal good and peanut butter is a poorer good. When your income increases, you will most likely consume: (1) More of both the goods. (2) More lobster and less peanut butter. (3) More peanut butter and less lobster. (4) Less of both goods.

    Q : Problem of what to produce Describe the

    Describe the problem of What to produce?

    		•
  • Q : Words of Johann H. von Thünen about

    The theory about land derives its value primarily by how much its location conserves on transaction costs is attributable to: (a) Johann H. von Thünen. (b) Adam Smith. (c) Richard Cantillon. (d) David Ricardo. (e) Reverend Thomas Robert (“B

    		•