The relation between Average revenue and Marginal revenue under perfect competition

The relation between Average revenue and Marginal revenue under perfect competition

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日期:2024-07-11
The total revenue of a firm is equal to the total output multiplied by price. It is the total receipt of a firm from its sale. From the total receipts or revenues we derive Average and Marginal revenue. ... Average revenue is the revenue per unit of outpu...看更多