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Nisha Sharma posted an Question
September 21, 2021 • 18:39 pm
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30 points
30 points
- UGC NET
- Commerce
Marginal revenue and total revenue pe,>1 for a price fall, mr price is possible when mr = zero, total revenue is maximised p pe<1 for a price fall, mr
Marginal Revenue and Total Revenue Pe,>1 for a Price fall, MR Price is Possible When MR = zero, total revenue is maximised P Pe<1 for a Price fall, MR is Negative Arrange Revenue Marginal Revenue Remember - If the demand Output Sold curve is downward sleeping ||the MR curve will be below it and sleeper Fig.: Marginal Revenue and Total Revenue please make me undertand this graph
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Sanju![best-answer]()
This diagram is a mix of two curves. Demand curve where there is a negative relation between price (AR) and qauntity demanded and second it is showing the relation between TR AND MR, the rectangular box is depicting the TR and it is maximum at its right side upper point( at a particular price and quantity) straight below on x axis you can see the MR CURVE which is 0 at THE SAME quantity. So can confirm that TR is max when mr= 0.... now above this point mr is positive and one can conclude when mr positive price elasticity of demand > 1 and vice versa.