Total revenue in profit-maximizing competitive firm

Total revenue (i.e., TR=PQ) for such profit-maximizing competitive firm equals area as: (a) 0P₁gq₅. (b) 0P₁dq₄. (c) 0P₂cq₃. (d) P₂P₁de. (e) 0P₂eq₄.

37_Total Revenue1.png

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 : Define Fiscal deficit Fiscal deficit is

Fiscal deficit is equavalent to excess of total expenditure over the sum of revenue and capital receipts excluding borrowings. That is, Fiscal deficit means borrowing of the government. Fiscal Deficit :T

Q : Real interest rate in saving and

When the real interest rate : (w) is low, there are greater incentives to borrow and fewer incentives to lend. (x) is low, there are greater incentives to lend and fewer incentives to borrow. (y) equals the nominal interest rate + the expected rate of

Q : Normal accounting returns to investment

Pure economic profits do not arise due to: (w) monopoly power. (x) capital owners’ receipts of normal accounting returns to investment. (y) risk and uncertainty. (z) entrepreneurial innovation. How can I solv

Q : What is Barter system Barter system :

Barter system: It is the Exchange of goods for goods is termed as barter system.

Q : Problem on Blacklisting The

The Blacklisting was once common however now illegal in the labor market practice of: (i) Boycotting the products of firms whose workers are on strike. (ii) Forcing the workers to sign agreements not to join the unions. (iii) Paying the union officers to systematize u

Q : AFC curve What does AFC curve appear

What does AFC curve appear like? Why does it appear so?

Q : Entry of new firm in monopolistic

Entry of new firms within a monopolistically competitive market: (1) is preventable. (2) may decrease the established firm’s production costs. (3) increases the established firm’s profits. (4) shrinks demand for a successful firm’s p

Q : Monopsony Power and the Demand for Labor

Can someone help me in finding out the right answer from the given options. The labor monopsonist will hire labor up to a point where marginal: (1) Revenue product of the labor equivalents the wage. (2) Resource cost of labor equivalents the wage. (3) Revenue product

Q : Exploiting the economies of Scope Bobby

Bobby Lee’s dairy has gainfully expanded beyond butter, fresh milk and cheese, by providing Organizmic Fertilizer, guided by ATV tours for the visitors, and Granny Lee’s Exfoliating Body Yogurt. The Clyde County Business News trumpets that the Bobby Lee ha

Q : Market-period supply curve For a purely

For a purely competitive industry a market-period supply curve would be: (i) curve A. (ii) curve B. (iii) curve C. (iv) curve D. (v) curve E.

Discover Q & A

Leading Solution Library

Avail More Than 1431715 Solved problems, classrooms assignments, textbook's solutions, for quick Downloads

No hassle, Instant Access

Start Discovering

18,76,764

1943979
Asked

3,689

Active Tutors

1431715

Questions
Answered

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

Submit Assignment