Describe the difference between average revenue and marginal

Assignment Help Business Economics
Reference no: EM13154985

Describe the difference between average revenue and marginal revenue. Why are both of thes revenues measures important to a profit maximizing firm?

Reference no: EM13154985

Questions Cloud

Determining variable and absorption costing : Determine operating income for 20X7, assuming the firm uses the variable-costing approach to product costing. (Do not prepare a statement.)
what will be the transfer price? : Evergreen Corp. has two divisions, Fern and Bark. Fern produces a widget that Bark could use in the production of units that cost $175 in variable costs, plus the cost of the widget, to manufacture.
Explain the solute increases the volume of the solution : The solute increases the volume of the solution, and an increase in volume requires an increase in the temperature to reach the boiling point (derived from PV = nRT).
Problem related to negative tax effects : How much salary must Gander pay Patrick during the period November 1 through December 31, 2008, to permit the corporation to continue to use its fiscal year without negative tax effects?
Describe the difference between average revenue and marginal : Describe the difference between average revenue and marginal revenue. Why are both of thes revenues measures important to a profit maximizing firm?
Illustrate a firm in monopolistic competition : Illustrate a firm in monopolistic competition that does not make a profit but rather a loss. Now illustrate how firm exit will change demand in the long run, allowing at least some firms to break even.
Compute the integral of dqrev : Calculate the integral of dqrev / T for each of the 4 steps in the Carnot cycle of, and sum them to prove that their sum equals zero. This turns out to also be true for any cyclic process that returns the system
Prepare a differential analysis report : Prepare a differential analysis report, dated June 15 of the current year(2009), on whether the equipment should be leased or sold.
What firms as the market adjusts to its new equilibrium : If firms in a monopolistically competitive market are incurring economic losses, which of the following scenarios would best reflect the change facing incumbent firms (who are able to stay in the market) as the market adjusts to its new equilibriu..

Reviews

Write a Review

Business Economics Questions & Answers

  Compute average fixed cost average variable cost

Compute average fixed cost, average variable cost, and average total cost for each quantity. What is the efficient scale of the painting company.

  Which are considered irrelevant to a business decision

Point out which costs (sunk cost, incremental cost, fixed cost, variable cost, marginal cost, opportunity cost, out of pocket cost) are considered "relevant" and which are considered "irrelevant" to a business decision. Explain why.

  Illustrate what is the capital account balance

Illustrate what is the capital account balance. Illustrate what is the financial account balance.

  Elucidate what evidence of excess supply or excess demand

Elucidate what evidence of excess supply or excess demand can you cite in these examples.

  Illustrate what is the equilibrium price of hotel rooms

Illustrate what is the equilibrium price and quantity of hotel rooms on Manhattan Island.

  Illustrate what questions might you have for this researcher

a researcher reported that he had found the demand curve for kerosene to be upward sloping.-as the price of kerosene rose the quantity demanded of kerosene increased. Illustrate what questions might you have for this researcher.

  Perhaps receive general agreement

This declaration would perhaps receive general agreement, but it is not always clear exactly Illustrate what concludes when something is in the public interest.

  Elucidate the impact does the dollar appreciation

Elucidate the impact does the dollar appreciation have on the firm's international competitiveness.

  Illustrate what is the first cost that should be used

The existing equipment will be sold for $6,000. Illustrate what is the first cost that should be used.

  Select two farm products also conclude whether their prices

In which of the two cases, if any, do you think which demand has increased more rapidly than delivery. Explicate your reasoning. Write your answer in essay format.

  World population growth crisis

Momentum treatise to the current world population growth crisis.

  Gdp is significantly lower

GDP is significantly lower in your country than in the United States, Illustrate what might this imply.

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