Case scenario between marginal revenue and total revenue

Assignment Help Business Economics
Reference no: EM131162989

What is the best case scenario between Marginal Revenue and Total Revenue? Do we want Total Revenue to be maximized and Marginal Revenue to be equal to zero or do we want Total Revenue to be rising and Marginal Revenue to be positive?

Reference no: EM131162989

Questions Cloud

Opportunity cost of going to a movie premiere at theatre : Calculate your opportunity cost of going to a movie premiere at the theatre with your friend Spencer on Saturday night in the following scenarios. You have no other plans for the night, and Spencer is paying for your ticket. You have already bought y..
Compute an expression for the marginal product of fertilizer : The per acre production function for rice is y = f (W, F ) = 2W^1/2 F^1/2 , where W is irrigation water, F is fertilizer and y is yield (output per acre). Compute an expression for the marginal product of water. Compute an expression for the marginal..
Distinguishing feature of monopoly-average revenue : distinguishing feature of monopoly. average revenue (For a monopolist) is. true of the profit earned by a monopilist. Which of the following factors explain the difference in long-run profits earned by a monopolist and a perfectly competitive firm
Calculate the real interest rate-inflated adjusted rate : A system which was established with a cost of $1000000 five years ago has a market value of $ 5000 with a salvage value of $30000 after 1 year and $25000 after 2 year and $ 15000 after 3 year the annual worth of the challenger will be $ 65000 perform..
Case scenario between marginal revenue and total revenue : What is the best case scenario between Marginal Revenue and Total Revenue? Do we want Total Revenue to be maximized and Marginal Revenue to be equal to zero or do we want Total Revenue to be rising and Marginal Revenue to be positive?
Compare the present worths of the two warehouse additions : A manufacturer requires an additional 10,000 square feet (929 square meters) of warehouse space. A reinforced-concrete building added to the existing main structure will cost $850,000, whereas the same amount of space can be constructed with a galvan..
Assume the same initial demand and supply equations : Assume the same initial demand and supply equations as we did in class for the gasoline market: Qd = 150 – 25P and Qs = 60 + 20P. Quantity is measured in billions of gallons. What is the tax equilibrium if the per unit tax is $2 per unit?What is the ..
Economy experienced large trade deficits : The U.S. economy experienced large trade deficits in the 1980s and 1990s and tremendous economic growth in the mid- and late-1990s.... Explain verbally the relationship between investment and long-term economic growth and describe the relationship gr..
What is liberty : What is liberty? Provide a definition and at least one example. Why does it matter? Explain what you think the citizens of a nation might gain or lose through their liberty.

Reviews

Write a Review

Business Economics Questions & Answers

  Dollar is trading on the foreign exchange market

One U.S. dollar is trading on the foreign exchange market for about 1.47 Chesterfield ales (the Chesterfield currency). Therefore, one Chesterfield ale would have purchased how many U.S. dollars?

  Compute how many acres hectares each person

Compute how many acres, hectares each person wold occupy if all U.S. residents.

  Q1 evaluate how the following situations will affect the

q1. evaluate how the following situations will affect the demand curve for ipods. believing that it has significant

  Common ownership-government might intervene because

When there is common ownership, the government might intervene because of:

  Which level of measurement conveys the most information

Which level of measurement conveys the most information? Which of the following is NOT an example of reliability? What is one way to obtain a criterion validity measurement?

  Production function that exhibits constant returns to scale

Suppose a country has a production function that exhibits constant returns to scale. Starting from an initial steady state with population growth rate n and a rate of capital depreciation Delta, the country is devastated by an epidemic that quickly k..

  Explain how might knowledge of organizational behavior help

Explain how might knowledge of organizational behavior help the company's frontline store supervisors manage their employees.

  Efficiency expert hired by a firm in clothing industry

You are an efficiency expert hired by a firm in the clothing industry that uses machines (K) and workers (L) as inputs. The firm has estimated that the marginal product of labor is MPL = 120 - 4 L, while the marginal product of capital is MPK = 50 - ..

  The reservation wage for a worker will be higher when

The reservation wage for a worker will be higher when:

  What is the test statistic for this test

The average cost of tuition plus room and board at a small private liberal arts college is reported to be $8,500 per term, but a financial administrator believes that the average cost is higher. A study conducted using 350 small liberal arts colleges..

  What would be better brewery location for minimizing annual

For se shipment patterns, what would be better brewery location for minimizing annual transportation costs to warehouses.

  Different from the condition for a balanced trade account

In an open economy, the condition for equilibrium in the goods market is different from the condition for a balanced trade account. Explain using words or equations (or both if you wish). Draw a diagram that illustrates a situation where the goods ma..

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd