I finally understood how compare to the book's explanation. Thank you very much!

Nice explain 👍

6x7 not 6x5 !

@OCCSFECON

Жыл бұрын

Hopefully, you found the video useful

Really helpful in making my project related to elasticity total revenue and marginal revenue thank yew so much sir i can easily understand the concept after watching this..... I have only seen your two vedios but its really helpful and the way you tech is really help me to undertake easily ☺️☺️thanks sir

Video is way too long and drawn out! I fell asleep half way through

15:58..From what you explain, I don't even understand the difference between Price, Average revenue and Marginal revenue.. all seems the same.. what is the point of having these three if all are the same..

I have a question sir. That, Is it necessary to draw a column of average revenue before making the marginal revenue column in a table????????????

@resrussia

Жыл бұрын

After watching the video, I don't think it is necessary to put the average revenue column before the marginal revenue column.

Thanks I love this video

@OCCSFECON

5 ай бұрын

Thank you for the compliant.

How to solve for the profit

@bahitanalishuwa3368

Жыл бұрын

Profit=Total Revenue - Total Cost

Where's the profit at?

I have a quiz in an hour💀

@OCCSFECON

Жыл бұрын

I hope you were able to pass your quiz.

The easiest way to get MR = TR ( Total Revenue ÷ TP (Total Product)

@OCCSFECON

3 ай бұрын

Thank you for sharing your suggestion. Your suggestion is actually the average revenue formula. Unfortunately, it only works for the scenario where the price of the good is constant, that is in perfectly competitive market. In a market with a monopoly, the price declines so the marginal revenue is not equal to average revenue. Suppose the following: TP Price TR Average Revenue= TR÷TP Marginal Revenue =(TR2-TR1) ÷ (TP2-TP1) is AR =MR? 1 30 30 30 NA No 2 25 50 25 20 No 3 20 60 20 10 No 4 15 60 15 0 No If we compare the results of using average revenue formula, as you suggested, and the marginal revenue formula the results are different. So, I am reluctant to recommend your suggestion to my viewers. Thank you for your willingness to share your thoughts.

Talks too much. Get to point