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kaarnold98 kaarnold98
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5 years ago Edited: 5 years ago, bio_man
Figure 13-3




Refer to Figure 13-3. The marginal revenue from one additional unit sold is the sum of the gain in revenue from selling the additional unit and the loss in revenue from having to charge a lower price to sell the additional unit. Based on the diagram in the figure,

• X represents the gain (price effect) and Y the loss (output effect).

• X + Z represents the loss (output effect) and Y the gain (price effect).

• Y represents the gain (output effect) and X the loss (price effect).

• X represents the loss (price effect) and Y + Z the gain (output effect).
Textbook 
Microeconomics

Microeconomics


Edition: 7th
Authors:
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anuja709anuja709
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kaarnold98 Author
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Smart ... Thanks!
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