Commerce Exam  >  Commerce Questions  >  If total revenue of firm is rs 5000 when 5 un... Start Learning for Free
If total revenue of firm is rs 5000 when 5 units of a good are sold and 5800 rs when 6th unit is sold then compute ther marginal revenue of last uint ?
Most Upvoted Answer
If total revenue of firm is rs 5000 when 5 units of a good are sold an...
800
Community Answer
If total revenue of firm is rs 5000 when 5 units of a good are sold an...
Simply 5800-5000= 800 ...that it is your marginal revenue
Explore Courses for Commerce exam

Similar Commerce Doubts

Direction: Read the following passage and answer the question that follows:The slope of a total revenue curve is particularly important. It equals the change in the vertical axis (total revenu e) divided by the change in the horizontal axis (quantity) between any two points. The slope measures the rate at which total revenue increases as output increases. We can think of it as the increase in total revenue associated with a 1-unit increase in output. The increase in total revenue from a 1-unit increase in quantity is marginal revenue. Thus marginal revenue (MR) equals the slope of the total revenue curve.How much additional revenue does a radish producer gain from selling one more pound of radishes? The answer, of course, is the market price for 1 pound. Marginal revenue equals the market price. Because the market price is not affected by the output choice of a single firm, the marginal revenue the firm gains by producing one more unit is always the market price. The marginal revenue curve shows the relationship between marginal revenue and the quantity a firm produces. For a perfectly competitive firm, the marginal revenue curve is a horizontal line at the market price. If the market price of a pound of radishes is $0.40, then the marginal revenue is $0.40. Marginal revenue curves for prices of $0.20, $0.40, and $0.60. In perfect competition, a firm’s marginal revenue curve is a horizontal line at the market price.Price also equals average revenue, which is total revenue divided by quantity. To obtain average revenue (AR), we divide total revenue by quantity, Q. Because total revenue equals price (P) times quantity (Q), dividing by quantity leaves us with price.Q. The marginal revenue curve shows the relationship between ..................... and ......................

Direction: Read the following passage and answer the question that follows:The slope of a total revenue curve is particularly important. It equals the change in the vertical axis (total revenu e) divided by the change in the horizontal axis (quantity) between any two points. The slope measures the rate at which total revenue increases as output increases. We can think of it as the increase in total revenue associated with a 1-unit increase in output. The increase in total revenue from a 1-unit increase in quantity is marginal revenue. Thus marginal revenue (MR) equals the slope of the total revenue curve.How much additional revenue does a radish producer gain from selling one more pound of radishes? The answer, of course, is the market price for 1 pound. Marginal revenue equals the market price. Because the market price is not affected by the output choice of a single firm, the marginal revenue the firm gains by producing one more unit is always the market price. The marginal revenue curve shows the relationship between marginal revenue and the quantity a firm produces. For a perfectly competitive firm, the marginal revenue curve is a horizontal line at the market price. If the market price of a pound of radishes is $0.40, then the marginal revenue is $0.40. Marginal revenue curves for prices of $0.20, $0.40, and $0.60. In perfect competition, a firm’s marginal revenue curve is a horizontal line at the market price.Price also equals average revenue, which is total revenue divided by quantity. To obtain average revenue (AR), we divide total revenue by quantity, Q. Because total revenue equals price (P) times quantity (Q), dividing by quantity leaves us with price.Q. The slope of the Total Revenue equals ……..

Top Courses for Commerce

If total revenue of firm is rs 5000 when 5 units of a good are sold and 5800 rs when 6th unit is sold then compute ther marginal revenue of last uint ?
Question Description
If total revenue of firm is rs 5000 when 5 units of a good are sold and 5800 rs when 6th unit is sold then compute ther marginal revenue of last uint ? for Commerce 2025 is part of Commerce preparation. The Question and answers have been prepared according to the Commerce exam syllabus. Information about If total revenue of firm is rs 5000 when 5 units of a good are sold and 5800 rs when 6th unit is sold then compute ther marginal revenue of last uint ? covers all topics & solutions for Commerce 2025 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for If total revenue of firm is rs 5000 when 5 units of a good are sold and 5800 rs when 6th unit is sold then compute ther marginal revenue of last uint ?.
Solutions for If total revenue of firm is rs 5000 when 5 units of a good are sold and 5800 rs when 6th unit is sold then compute ther marginal revenue of last uint ? in English & in Hindi are available as part of our courses for Commerce. Download more important topics, notes, lectures and mock test series for Commerce Exam by signing up for free.
Here you can find the meaning of If total revenue of firm is rs 5000 when 5 units of a good are sold and 5800 rs when 6th unit is sold then compute ther marginal revenue of last uint ? defined & explained in the simplest way possible. Besides giving the explanation of If total revenue of firm is rs 5000 when 5 units of a good are sold and 5800 rs when 6th unit is sold then compute ther marginal revenue of last uint ?, a detailed solution for If total revenue of firm is rs 5000 when 5 units of a good are sold and 5800 rs when 6th unit is sold then compute ther marginal revenue of last uint ? has been provided alongside types of If total revenue of firm is rs 5000 when 5 units of a good are sold and 5800 rs when 6th unit is sold then compute ther marginal revenue of last uint ? theory, EduRev gives you an ample number of questions to practice If total revenue of firm is rs 5000 when 5 units of a good are sold and 5800 rs when 6th unit is sold then compute ther marginal revenue of last uint ? tests, examples and also practice Commerce tests.
Explore Courses for Commerce exam

Top Courses for Commerce

Explore Courses
Signup for Free!
Signup to see your scores go up within 7 days! Learn & Practice with 1000+ FREE Notes, Videos & Tests.
10M+ students study on EduRev