revenue and profits

Essay specific features





Written by:

Leesa D


Date added:

November 17, 2013








No of pages / words:

3 / 630


Was viewed:

383 times


Rating of current essay:

Essay content:

The equation is as follows: TR = P * Q The second concept is average revenue (AR), this means the amount the firm earns per unit sold.1 The equation is as follows: AR = TR/Q The third concept is marginal revenue (MR), this means the extra total revenue gained by selling one more unit. 1 The equation is as follows: MR = ATR/AQ Calculating revenue curves also depends on whether or not price is affecting the firms output...
displayed 300 characters

Custom written essay

All essays are written from scratch by professional writers according to your instructions and delivered to your email on time. Prices start from $10.99/page

Order custom paper

Full essays database

You get access to all the essays and can view as many of them as you like for as little as $28.95/month

Buy database access

Order custom writing paper now!

  • Your research paper is written
    by certified writers
  • Your requirements and targets are
    always met
  • You are able to control the progress
    of your writing assignment
  • You get a chance to become an
    excellent student!

Get a price guote


For example, a business with a relatively small market share can only produce as much as it is capable at the set price. These businesses are therefore known as price takers. Price takers AR is indicated by the equilibrium price and also lies on the same line as the demand curve. In regards to MR curve, "it will be the same as the average revenue curve, since selling one more unit at a constant price merely adds that amount to the total revenue"...
displayed 300 characters

General issues of this essay:

Related essays: