Answer to Question #165404 in Microeconomics for Chaitanya

Question #165404

How to calculate total revenue from the cost curves when the ATC Curve is above the MR curve. The MR curve is parallel to the x-axis.

Expert's answer

If the MR curve is parallel to the x-axis, then "TR = P\u00d7Q = MR\u00d7Q," where P is price, Q is quantity.

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