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Author Question: Firms have several different concepts of revenue: total revenue, average revenue, marginal revenue, ... (Read 141 times)

olgamartinez04

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on: Oct 12, 2022

Question 1

For any firm operating in any market structure, marginal revenue (MR) equals
◦ △ p × △ q.
◦ p × q.
◦ (p × q)/q.
◦ △ (p × q)/△ q.
◦ △ q/△ p.

Question 2

Firms have several different concepts of revenue: total revenue, average revenue, marginal revenue, and price. For a profit-maximizing perfectly competitive firm, which statement below is true?
◦ Total revenue, average revenue, marginal revenue, and price are all equal.
◦ Only marginal revenue and price are equal.
◦ Average revenue, marginal revenue, and price are equal.
◦ Only average revenue and price are equal.
◦ None of these revenues are equal.
Microeconomics ¦ Ragan ¦ 17th Edition
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Marked as best answer by olgamartinez04 on Oct 12, 2022

kaynelson17

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Reply #1 on: Oct 12, 2022
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
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olgamartinez04

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Reply 2 on: Oct 12, 2022
Great answer, keep it coming :)

Missbam101

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Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

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