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.


1
Expert's answer
2021-02-23T13:27:03-0500

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


Need a fast expert's response?

Submit order

and get a quick answer at the best price

for any assignment or question with DETAILED EXPLANATIONS!

Place free inquiry
Calculate the price
Learn more about our help with Assignments: Microeconomics

Comments

No comments. Be the first!
Our fields of expertise
Submit Your Assignment. We Can Do It.
LATEST TUTORIALS
APPROVED BY CLIENTS
"assignmentexpert.com" is professional group of people in Math subjects! They did assignments in very high level of mathematical modelling in the best quality. Thanks a lot
Canada #339914 on Dec 2023