What is average revenue and average revenue curve, Microeconomics

Assignment Help:

What is average revenue and average revenue curve

Average Revenue:   The average revenue is the total revenue separated by the level of output. It is therefore the price. 

 Average Revenue Curve:   A curve which plots average revenue. It is equal to the demand curve. The shape of the average revenue curve will depend on the situation the firm is in. If the firm has price setting power then the average revenue curve (demand curve) will be downward-sloping. If the firm is a price-taker then the average revenue curve will be horizontal and the similar as the marginal revenue curve. 

 


Related Discussions:- What is average revenue and average revenue curve

What do you mean by average product, Average product of a factor is the tot...

Average product of a factor is the total output produced per unit of the factor employed thus, Average product = total product / number of units of factor employed If Q stand

Niche operators - energy infrastructure, Niche Operators: It is assess...

Niche Operators: It is assessed by TRAI that despite the USO support, existing big service providers would not be interested to serve about 50 per cent of the villages. To add

Sales revenue maximization model , What are the major differences between t...

What are the major differences between the equilibrium of profit maximiser and sales revenue maximiser?

What is economic efficiency, Q. What is Economic efficiency? Economic ef...

Q. What is Economic efficiency? Economic efficiency Explain a situation where the total value of the end uses, to which the resources are put, is maximised. A consequence is th

Determinants of private demand - non-monetary benefits, Determinants of Pri...

Determinants of Private Demand - Non-Monetary Benefits Social status associated with university degrees is a determinant of investment decisions in higher education in the cas

Indifference curve, what is indifference curve''s theory and application

what is indifference curve''s theory and application

Theories of microeconomics, Theories and Models ?? Microeconomic ...

Theories and Models ?? Microeconomic Analysis             – Theories are taken in use to describe the observed phenomena in terms of a set of essential  rules and

PPC, how to find opportunity cost on PPc

how to find opportunity cost on PPc

#t, what are the relevance of economics to most business today??

what are the relevance of economics to most business today??

Money demand function, what are the values of real money supply and the cur...

what are the values of real money supply and the current price level

Write Your Message!

Captcha
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