Do you want BuboFlash to help you learning these things? Or do you want to add or correct something? Click here to log in or create user.

Tags

#cfa-level-1 #economics #microeconomics #reading-15-demand-and-supply-analysis-the-firm #section-3-analysis-of-revenue-costs-and-profit #study-session-4

Question

For any firm that sells at a uniform price, **[...]** will equal price.

Answer

average revenue

Tags

#cfa-level-1 #economics #microeconomics #reading-15-demand-and-supply-analysis-the-firm #section-3-analysis-of-revenue-costs-and-profit #study-session-4

Question

For any firm that sells at a uniform price, **[...]** will equal price.

Answer

?

Tags

#cfa-level-1 #economics #microeconomics #reading-15-demand-and-supply-analysis-the-firm #section-3-analysis-of-revenue-costs-and-profit #study-session-4

Question

For any firm that sells at a uniform price, **[...]** will equal price.

Answer

average revenue

If you want to change selection, open document below and click on "Move attachment"

**3. ANALYSIS OF REVENUE, COSTS, AND PROFITS**

, which is equal to the price. Average revenue (AR) is quantity sold divided into total revenue. The mathematical outcome of this calculation is simply the price that the firm receives in the market for selling a given quantity. <span>For any firm that sells at a uniform price, average revenue will equal price. For example, AR at 3 units is 100 (calculated as 300 ÷ 3 units); at 8 units it is also 100 (calculated as 800 ÷ 8 units). Marginal revenue (MR) is the change in total reve

, which is equal to the price. Average revenue (AR) is quantity sold divided into total revenue. The mathematical outcome of this calculation is simply the price that the firm receives in the market for selling a given quantity. <span>For any firm that sells at a uniform price, average revenue will equal price. For example, AR at 3 units is 100 (calculated as 300 ÷ 3 units); at 8 units it is also 100 (calculated as 800 ÷ 8 units). Marginal revenue (MR) is the change in total reve

status | not learned | measured difficulty | 37% [default] | last interval [days] | |||
---|---|---|---|---|---|---|---|

repetition number in this series | 0 | memorised on | scheduled repetition | ||||

scheduled repetition interval | last repetition or drill |

Do you want to join discussion? Click here to log in or create user.