Economy, asked by zamankhadija00, 29 days ago

draw revenue curves under imperfect market?

Answers

Answered by manojchauhanma2

4

Answer:

In the imperfect competition market, both Average revenue curve and Marginal revenue curve slope downwards from left to right. Also, the Marginal revenue curve is always below the Average Revenue curve. At some point, marginal revenue may also be zero and then negative. However, Average revenue will always be positive.

Answered by ksbkg313

1

Answer:

verage Revenue = The Total Revenue of the firm divided by the total units of goods/services sold. ...

Marginal Revenue = The additional revenue gained from the firm selling the next unit of goods/services. ...

AR = mQ + C.

TR = AR * Q = ( mQ + C ) * Q = mQ2 + CQ.

MR = d(TR) / d(Q) = 2mQ + C.

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