Explore BrainMass
Share

Total revenue exceeds peak

This content was STOLEN from BrainMass.com - View the original, and get the already-completed solution here!

I know that when Total Revenue reaches its peak (TR=1), then the Marginal Revenue =0, but when Total Revenue exceeds its peak, what does the Marginal Revenue reach?

© BrainMass Inc. brainmass.com October 24, 2018, 9:15 pm ad1c9bdddf
https://brainmass.com/economics/applied-economics/total-revenue-exceeds-peak-121568

Solution Preview

When you say "Total Revenue exceeds its peak", I assume that you mean the firm's quantity of output exceeds ...

Solution Summary

The solution answers the question(s) below.

$2.19
See Also This Related BrainMass Solution

Profit-maximizing output ..

Illustrate and explain how the profit maximizing level of production and is determined in perfect competition. Illustrate and explain what it means for the market to move towards a long-term equilibrium condition.

View Full Posting Details