What is the meaning of marginal revenue curve? - ProProfs Discuss
Topics-
Products +
     

What is the meaning of marginal revenue curve?

What is the meaning of marginal revenue curve?

Change Image    Delete



This question is part of Micro: Chapter 10
Asked by Twright, Last updated: Sep 17, 2018

+ AnswerRequest Answer
...

2 Answers

j.Barbara

J.Barbara

Answered on Mar 07, 2018

A marginal revenue curve is a graphical representation of the relationship of a firm’s marginal revenue from products sold and the quantity of the sold products. This graphical curve reflects the degree of the firm’s share hold on a particular product on the market.

For example, if the marginal revenue curve of a firm for a particular product produces a horizontal straight line, it means that the firm has no or minimal control of the product’s market and the firm needs to rely on the existing market price to sell their products.

On the other hand, if the marginal revenue curve is negatively-sloped, it means that the firm’s product has a strong market hold and can easily influence the price of the product on the market.

 Reply

John Smith

John Smith

Answered on Apr 25, 2017

$4512.50
 Reply

Search for Google images
Select a recommended image
Upload from your computer
Search for Google images
Select a recommended image
Upload from your computer
Search for Google images
Select a recommended image
Upload from your computer

Email Sent
We have sent an email to your address "" with instructions to reset your password.