Top Posters
Since Sunday
5
a
5
k
5
c
5
B
5
l
5
C
4
s
4
a
4
t
4
i
4
r
4
Home Q & A Board Other Fields Homework Help Business Economics
New Topic  
kaarnold98 kaarnold98
wrote...
Go to Answer
Posts: 496
Rep: 14 0
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:
Read 31 times
1 Reply
Replies
Answer verified by a subject expert
anuja709anuja709
wrote...
#1
Posts: 375
Rep: 64 0
5 years ago
Sign in or Sign up in seconds to unlock everything for free
More solutions for this book are available here

Related Topics

kaarnold98 Author
wrote...

5 years ago
this is exactly what I needed
AlahuKakpar
wrote...

Yesterday
This helped my grade so much Perfect
shimyshiguy
wrote...

2 hours ago
Smart ... Thanks!
New Topic      
Quick Reply
Explore
Post your homework questions and get free online help from our incredible volunteers
  1328 People Browsing
Start New Topic Take the Tour CoursesNew Study Tools Topics Trending Browse by Textbook
Related Images
  
 3138
  
 229
  
 308