You have new items in your feed. Click to view.
Question and answer
Question not found
Ask a question
Not a good answer? Get an answer now. (Free)
New answers
Rating

There are no new answers.

Comments

There are no comments.

Add an answer or comment
Log in or sign up first.
Questions asked by the same visitor
What is the MC=MR Rule?
Weegy: Marginal Cost (MC): The change in total cost as the output level changes one unit. Marginal Revenue (MR): The change in total revenue from the sale of one additional level of output. (More)
Question
Expert Answered
Asked 5/27/2012 9:42:56 AM
0 Answers/Comments
What is the MC=MR Rule? To what market structures does this Rule apply
Weegy: to firms in all types of industries (More)
Question
Expert Answered
Asked 5/27/2012 9:52:58 AM
0 Answers/Comments
Identified market structures the MC=MR Rule applies to User: Explained the MC=MR Rule
Weegy: MR = MC A firm’s profit is defined as its total revenue minus its total cost. In symbols, p (Q) = R(Q) - C(Q). [ A firm that wishes to maximize its profits may find the corresponding output by differentiating p (Q) with respect to output and finding the output that equates the derivative to zero: dp (Q)/dQ = dR(Q)/dQ - dC(Q)/dQ = MR - MC = 0. That is, profit maximization requires that, if the firm chooses to produce anything at all, it should equate marginal revenue and marginal cost. In the specific case of competitive firms, this takes the form P = MC. The second-order condition is: - PQ* - (FC + VC(Q*)) = p (Q*). Dividing both sides of this inequality by Q* and rearranging, the firm maximizes profit at Q = 0 if and only if P < , that is, if and only if the firm’s price is less than its average variable cost at the MR = MC output. Since average variable cost is equal to marginal cost at the former’s minimum, we can state the complete short-run profit-maximizing rule as follows: produce at the output for which MR = MC, provided price is greater than minimum average variable cost; otherwise shut down. to understand the formula visit this website ] (More)
Question
Expert Answered
Asked 5/27/2012 9:54:31 AM
0 Answers/Comments
26,557,088 questions answered
Popular Conversations
A student is comparing and contrasting two dramas and plans to write ...
Weegy: B. point to point. User: Which sentence is written with parallel structure? A. It was both a unique play ...
12/3/2016 10:02:47 AM| 3 Answers
a legislative body is a User: motif
Weegy: A motif is a narrative element with symbolic meaning that repeats throughout a work of literature. User: ...
12/2/2016 10:58:45 AM| 2 Answers
What is a flexible exchange rate based on
12/2/2016 12:22:25 AM| 1 Answers
The amount of water vapor in the air is known as the
Weegy: Water vapor is water in a vaporous form diffused in the atmosphere but below boiling temperature.
12/2/2016 1:46:03 AM| 1 Answers
Hindering Latin American development was the fact that Latin American ...
Weegy: Hindering Latin American development was the fact that Latin American countries was slow economic growth.
12/2/2016 3:13:04 AM| 1 Answers
Weegy Stuff
S
P
Points 147 [Total 419] Ratings 1 Comments 137 Invitations 0 Offline
S
Points 23 [Total 23] Ratings 0 Comments 23 Invitations 0 Offline
S
P
P
Points 21 [Total 700] Ratings 0 Comments 21 Invitations 0 Offline
S
P
Points 18 [Total 450] Ratings 0 Comments 18 Invitations 0 Offline
S
Points 16 [Total 292] Ratings 0 Comments 16 Invitations 0 Offline
S
Points 10 [Total 32] Ratings 0 Comments 0 Invitations 1 Offline
S
Points 8 [Total 8] Ratings 0 Comments 8 Invitations 0 Offline
S
Points 0 [Total 0] Ratings 0 Comments 0 Invitations 0 Offline
S
Points 0 [Total 0] Ratings 0 Comments 0 Invitations 0 Offline
S
Points 0 [Total 0] Ratings 0 Comments 0 Invitations 0 Offline
* Excludes moderators and previous
winners (Include)
Home | Contact | Blog | About | Terms | Privacy | © Purple Inc.