Sign up or log in to view additional materials. You'll gain access to interventions, extensions, task implementation guides, and more for this lesson. In this lesson you will learn to determine the distance between integers by examining absolute value and number lines.
C. have the firm produce the quantity at which marginal revenue equals marginal cost. D. set price equal to marginal cost, even if marginal cost is less than average total cost. 13. Suppose a monopoly firm has a constant marginal cost equal to $8.
Note that if the price is constant, then the average revenue and marginal revenues equal the price. Below is a table of a hypothetical firm, which has a choice of selling quantities ranging from 0 to 130. The product's price is constant at $2. Therefore, average and marginal revenue are $2, as well.For example, at a quantity of 110 units, the total revenue is 110 times $2, or $220. The marginal revenue is the change in total revenue divided by the change in quantity.verage revenue is revenue per product. For example, if your firm's total revenue is $200, and you are selling 100 products, then your average revenue is $200 divided by 100, or $2. Marginal Revenue. Marginal revenue is the additional revenue from selling one more product.