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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
Total revenue increases with a greater quantity, but the rate of increase in TR (as measured by marginal revenue) declines as quantity increases.
Average revenue and marginal revenue decrease when output increases, with [...].
Average revenue is equal to price at each quantity level.
Average revenue and marginal revenue decrease when output increases, with [...].
Average revenue is equal to price at each quantity level.
Answer
MR falling faster than price and AR
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
Total revenue increases with a greater quantity, but the rate of increase in TR (as measured by marginal revenue) declines as quantity increases.
Average revenue and marginal revenue decrease when output increases, with [...].
Average revenue is equal to price at each quantity level.
Average revenue and marginal revenue decrease when output increases, with [...].
Average revenue is equal to price at each quantity level.
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
Total revenue increases with a greater quantity, but the rate of increase in TR (as measured by marginal revenue) declines as quantity increases.
Average revenue and marginal revenue decrease when output increases, with [...].
Average revenue is equal to price at each quantity level.
Average revenue and marginal revenue decrease when output increases, with [...].
Average revenue is equal to price at each quantity level.
Answer
MR falling faster than price and AR
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TR, AR,MR under imperfect competition
Total revenue increases with a greater quantity, but the rate of increase in TR (as measured by marginal revenue) declines as quantity increases. Average revenue and marginal revenue decrease when output increases, with MR falling faster than price and AR. Average revenue is equal to price at each quantity level.<body><html>
TR, AR,MR under imperfect competition
Total revenue increases with a greater quantity, but the rate of increase in TR (as measured by marginal revenue) declines as quantity increases. Average revenue and marginal revenue decrease when output increases, with MR falling faster than price and AR. Average revenue is equal to price at each quantity level.<body><html>
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 |
Details
No repetitionsDiscussion
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