Discuss on output and revenue in competitive markets

      

Discuss on output and revenue in competitive markets

  

Answers


Wilfred
Since the firm is a place taker, the total revenue depends on the amount sold.
TR = P.Q

out12032019224.png
out22032019226.png
out32032019229.png
Wilfykil answered the question on March 20, 2019 at 11:32


Next: Explain the environmental and social consequences of rising population in developing countries.
Previous: Outline the population control strategies/methods have been suggested for decreasing birth-rates.

View More Intermediate Microeconomics Questions and Answers | Return to Questions Index


Exams With Marking Schemes

Related Questions