general rules Flashcards

1
Q

Calculate TR

A

TR = Price * Quantity

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2
Q

Find MR

A

MR = dTR / dQ

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3
Q

Calculate Profits

A

Profits = TR - TC

Profits = (Price * Quantity) - TC

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3
Q

Calculate Profits

A

Profits = TR - TC

Profits = (Price * Quantity) - TC

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