Dmitry Ivaniuk

← Answer Read more →
Dmitry Ivaniuk

Darh Vader
Zishu Sak

 

Marginal revenue is the change in total revenue when one more unit of a commodity is sold.

MR= change in TR/change in quantity sold

Average revenue refers to revenue per unit of output.

AR=TR/Q

Relationship between AR and MR:

a) When AR is decreasing, MR should be decreasing faster than AR. Thus, downward sloping MR curve is below the downward sloping AR curve(a situation of monopoly and monopolistic competition)

b) If AR is constant, MR is equal to AR. Both are indicated by the same horizontal straight line(a situation of perfect competition)

c) MR can be negative, but not AR.

October 24, 2014, 16:20

← Answer Read more →
Dmitry Ivaniuk

Darh Vader
Zishu Sak

No, you cant replay or pause the audio during exam.

October 24, 2014, 16:20

← Answer Read more →
Dmitry Ivaniuk

Darh Vader
Zishu Sak

ok testing

October 24, 2014, 16:20

Darh Vader
Zishu Sak

xfbdfbxd

October 24, 2014, 16:20

← Answer Read more →
Dmitry Ivaniuk

← Answer Read more →
Dmitry Ivaniuk

← Answer Read more →
Dmitry Ivaniuk

Darh Vader
Zishu Sak

searching

October 24, 2014, 16:20

← Answer Read more →
Dmitry Ivaniuk

← Answer Read more →
Dmitry Ivaniuk

← Answer Read more →
Dmitry Ivaniuk

← Answer Read more →
Log Out ?

Are you sure you want to log out?

Press No if youwant to continue work. Press Yes to logout current user.