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  • Revenue - Handwritten Notes - (Aarambh 2024)

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    Arundhoti Mukherjee
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    1. Average Revenue (AR) initially increases and then falls as output increases. Marginal Revenue (MR) also increases at first but eventually reaches a maximum point and then falls. 2. Total Revenue (TR) increases at a decreasing rate, as MR is always below AR except at the maximum point where MR=AR. 3. Under perfect competition with constant marginal costs, MR=AR when output is at the maximum level. Both MR and AR then fall at the same rate as output increases beyond that point.

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    Revenue _ Handwritten Notes __ (Aarambh 2024)

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    1. Average Revenue (AR) initially increases and then falls as output increases. Marginal Revenue (MR) also increases at first but eventually reaches a maximum point and then falls. 2. Total Revenue (TR) increases at a decreasing rate, as MR is always below AR except at the maximum point where MR=AR. 3. Under perfect competition with constant marginal costs, MR=AR when output is at the maximum level. Both MR and AR then fall at the same rate as output increases beyond that point.

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    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
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    4 views11 pages

    Revenue - Handwritten Notes - (Aarambh 2024)

    Uploaded by

    Arundhoti Mukherjee
    1. Average Revenue (AR) initially increases and then falls as output increases. Marginal Revenue (MR) also increases at first but eventually reaches a maximum point and then falls. 2. Total Revenue (TR) increases at a decreasing rate, as MR is always below AR except at the maximum point where MR=AR. 3. Under perfect competition with constant marginal costs, MR=AR when output is at the maximum level. Both MR and AR then fall at the same rate as output increases beyond that point.

    Copyright:

    © All Rights Reserved
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    of 11

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