When a business owner uses price discrimination, the marginal revenue curve and the market demand curve are in line, therefore the marginal revenue is the same as the product's price.
The additional money made by selling one more unit of output is known as marginal revenue. The law of diminishing returns eventually leads marginal revenue to start dropping as output level grows, even though it can stay constant at a certain level of output.
The incremental cost or profit made when producing the following item is referred to as marginal. While marginal cost is the additional expense for producing one extra unit, marginal product is the increased revenue.
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A web browser is a software application for accessing information on the World Wide Web.
What are the main parts of a web browser
Answer: ...
Status Bar: ...
Address Bar: ...
What components are in each part
Motherboard. The motherboard is an important computer component because it's what everything else connects to! ...
Power Supply. True to its name, the power supply powers all other components of the machine. ...
Central Processing Unit
What does URL stand for?
the address of a World Wide Web page.
A home page is generally the main page a visitor navigating to a website from a web search engine will see, and it may also serve as a landing page to attract visitors.} The home page is used to facilitate navigation to other pages on the site by providing links to prioritized and recent articles and pages, and possibly a search box
Companies must periodically audit their brands' strengths and weaknesses, which might turn up brands that need more support, brands that need to be dropped, or brands that must be rebranded or repositioned because of changing customer preferences or new competitors.
c. demand for that good is more elastic than if you spent a smaller portion of your income on the good.
Demand elasticity is the change in demand as the price changes - aka price has a big effect on demand.
Think about if the cost of a candy bar doubles from $1 to $2. This is a big increase but $2 isn't a huge portion of your income so it isn't a huge deal and you will probably keep buying. Now imagine if your car payment doubles from $350 to $700. Because this is such a big portion of your income, you will probably look to trade it in for a cheaper car.
