Explore BrainMass
Share

Total revenue exceeds peak

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 July 18, 2018, 12:49 pm ad1c9bdddf

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