marginal revenue mrthis is the increase in total, Managerial Economics

+44 141 628 6080
[email protected]

marginal revenue mrthis is the increase in total

Marginal Revenue (MR)

This is the increase in Total Revenue resulting from the sale of an extra unit of output. Thus, if TR_n-1 is Total Revenue from the sale of (n-1) units and TRn is total revenue from the sale of n units, then the marginal revenue of the nth unit is given as:

dTR = P(1 - 1/Ed) or TRn - TRn - 1

dQ

View Complete Question

Request for Solution File

Ask an Expert for Answer!!

Managerial Economics: marginal revenue mrthis is the increase in total

Reference No:- TGS0177833

Expected delivery within 24 Hours

Have a Question? (oR Write a Review)

Write atleast 100 words!!

Recent Questions Asked Managerial Economics

Q : let a be a well-formed formula let c be the

let a be a well-formed formula let c be the number of binary logical operators in a recall that and are the binary logical operators let s

Q : marginal costthis is the increase in

marginal costthis is the increase in total cost resulting from the production of an extra unit of output thus if tcn is

Q : cost of capital financial

cost of capital financial management the nu-nu brothers inc nnbi has the following capital structure which it considers to be

Q : average revenue arthis is the revenue per unit of

average revenue arthis is the revenue per unit of the commodity sold it is obtained by dividing total revenue by total quantity sold for a

Q : marginal revenue mrthis is the increase in total

marginal revenue mrthis is the increase in total revenue resulting from the sale of an extra unit of output thus if trn-1 is total revenue from

Q : market structuresthis refers to the nature and

market structuresthis refers to the nature and degree of competition within a particular market capitalist economies are characterised by a large

Q : perfect competition the model of perfect

perfect competition the model of perfect competition describes a market situation in which there arei many buyers

Q : normal and supernormal profitsnormal profit

normal and supernormal profitsnormal profit refers to the payment necessary to keep an entrepreneur in a particular line of productionin economics it

Q : advantages of perfect market it achieves subject

advantages of perfect market it achieves subject to certain conditions an allocation of resources which is socially optimal or economically efficient

1955024

Questions
Asked

3,689

Active Tutors

1455970

Questions
Answered

Start Excelling in your courses, Ask a tutor for help and get answers for your problems !!

ask Question

Asked Questions

Discuss patient with athsma about use of bronchodilators

You're instructing a patient with athsma about the use of bronchodilators. You should teach the patient which one?

Discuss new forms of advertising changing opdps work

How have social media and other new forms of advertising changing OPDP's work?

Observing and reporting a correctional clients behavior

Observing and reporting a correctional client's behavior is extremely important, to ensure they receive the right mental health care.

Discussion about improve patient satisfaction scores

You are trying to improve patient satisfaction scores in your hospital's emergency department. You decide to poll 40 patients a day for three weeks.

Problem concerning about the risk for stroke

Sam is concerned about his risk for his stroke since his dad died of stroke at age 57 based on the following information why would you recommend

Patient presented with acute-onset abdominal pain

You are on your 5th straight duty in the Urgent Care and you are seeing a 18 yo may who presented with acute-onset abdominal pain for 2 days.

Discuss - male with a history of moderate persistent asthma

A nurse is caring for an 8-year-old male with a history of moderate persistent asthma. He is accompanied by his mom and dad who reported