general rules Flashcards by Ioanis Philippakos

Q

Calculate TR

A

TR = Price * Quantity

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Q

Find MR

A

MR = dTR / dQ

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Q

Calculate Profits

A

Profits = TR - TC

Profits = (Price * Quantity) - TC

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Q

Calculate Profits

A

Profits = TR - TC

Profits = (Price * Quantity) - TC

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