Cost and Revenue Flashcards

1
Q

How do we draw the marginal revenue curve (4)

A

The MR curve must:

Start at the same point as AR
Cross the Q axis at half the quantity AR crosses at
MR should end at the same quantity that AR ends at

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
2
Q
A
How well did you know this?
1
Not at all
2
3
4
5
Perfectly