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Tags
#cfa-level-1 #economics #has-images #microeconomics #reading-15-demand-and-supply-analysis-the-firm #section-3-analysis-of-revenue-costs-and-profit #study-session-4
Question
For an individual firm operating in a market setting of perfect competition, [...] equals AR and both are equal to a price that stays the same across all levels of output.
Answer
MR
Tags
#cfa-level-1 #economics #has-images #microeconomics #reading-15-demand-and-supply-analysis-the-firm #section-3-analysis-of-revenue-costs-and-profit #study-session-4
Question
For an individual firm operating in a market setting of perfect competition, [...] equals AR and both are equal to a price that stays the same across all levels of output.
Answer
?
Tags
#cfa-level-1 #economics #has-images #microeconomics #reading-15-demand-and-supply-analysis-the-firm #section-3-analysis-of-revenue-costs-and-profit #study-session-4
Question
For an individual firm operating in a market setting of perfect competition, [...] equals AR and both are equal to a price that stays the same across all levels of output.
Answer
MR
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Exhibit 5. Total Revenue, Average Revenue, and Marginal Revenue under Perfect Competition
Exhibit 5 graphically displays the revenue data from perfect competition. For an individual firm operating in a market setting of perfect competition, MR equals AR and both are equal to a price that stays the same across all levels of output. Because price is fixed to the individual seller, the firm’s demand curve is a horizontal line at
Exhibit 5. Total Revenue, Average Revenue, and Marginal Revenue under Perfect Competition
Exhibit 5 graphically displays the revenue data from perfect competition. For an individual firm operating in a market setting of perfect competition, MR equals AR and both are equal to a price that stays the same across all levels of output. Because price is fixed to the individual seller, the firm’s demand curve is a horizontal line at
Summary
| 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 |
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