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Demand for land like others depends upon the marginal revenue productivity.
This theory is also depended upon the marginal revenue productivity.
They also emphasized certain tools, such as the marginal revenue curve.
This output is then divided between the two markets, at the equilibrium marginal revenue level.
The slope of the total revenue function is marginal revenue.
Again, the trick is to work out the net marginal revenue at the required level of activity and charge a transfer price equal to that.
In this case, the perfectly competitive solution (workers are paid their marginal revenue product) is not stable.
The inverse demand function can be used to derive the total and marginal revenue functions.
Rent paid by the economy will be equal to the marginal revenue productivity which is also subject to law of diminishing returns.
This is because it focuses on maximizing expected marginal revenue for a given operation and planning horizon.
Marginal revenue is the derivative of total revenue with respect to quantity.
The marginal resource cost is equal to the marginal revenue product for all production processes.
This implies that a factor's price equals the factor's marginal revenue product.
Output is set where marginal cost equals marginal revenue.
The profit-maximizing policy involves setting marginal revenue equal to marginal cost.
The marginal revenue function is below the inverse demand function at every positive quantity.
Marginal revenue equals zero when the total revenue curve has reached its maximum value.
When an increase in output by one firm raises the marginal revenues of the other firms, production decisions are strategic complements.
Corresponding to this is the marginal revenue curve MR.
In the long run a firm operates where marginal revenue equals long-run marginal costs.
In a simple case of a single product, price is set at that quantity demanded where marginal cost exactly equals marginal revenue.
A company maximizes profit by selling where marginal revenue equals marginal cost.
Each group of consumers effectively becomes a separate market with its own demand curve and marginal revenue curve.
A firm maximizes profit by operating where marginal revenue equal marginal costs.
Technically, shutdown occurs if marginal revenue is below average variable cost at the profit-maximizing output.