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shusha [124]
11 months ago
9

Question. Draw a marginal revenue curve of a perfectly competitive firm and explain why the marginal revenue of a perfectly comp

etitive firm is always equal to its average revenue.

Business
1 answer:
svp [43]11 months ago
8 0

If AR is constant, MR is equal to AR. Both are indicated by the same horizontal straight line(a situation of perfect competition)

<h3>What is the marginal revenue curve for a perfectly competitive firm?</h3>
  • Marginal revenue for a company with perfect competition is the same as average revenue and pricing.
  • This suggests that at values bigger than the average variable cost, the firm's short-run supply curve is its marginal cost curve.
  • The company closes if the price falls below the average variable cost.

Marginal revenue is the change in total revenue when one more unit of a commodity is sold.

MR= change in TR/change in quantity sold

Average revenue refers to revenue per unit of output.

AR=TR/Q

Relationship between AR and MR:

If AR is constant, MR is equal to AR.

Both are indicated by the same horizontal straight line(a situation of perfect competition)

To learn more about marginal revenue, refer to

brainly.com/question/13444663

#SPJ4

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The Job Application. (hope this helps)
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2 years ago
An investor buys a T-bill at a bank discount quote of 4.80% with 150 days to maturity. The investor's bond equivalent yield on t
denis-greek [22]

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Two steps are required in solving the question.

Step 1: Find the price that the investor paid, this is given by:

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When Lacey asked her employer, Ideal Accessories, to purchase a low-vision computer for her use at work, she was fired. Ideal Accessories has violated the (D) Americans with Disabilities Act (ADA)

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By firing Lacey because of her degenerative eye disease, Ideal accessories violated the American with disabilities act. The firing was a discriminatory act by the company.

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