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Sagot :
Chegg's total revenue is maximized at the point where marginal revenue equals zero.
At the volume where marginal revenue is equal to zero, revenue is maximized. The amount at which marginal revenue equals marginal cost is less than when marginal revenue equals zero since marginal revenue is declining with output and marginal costs are increasing. Price times quantity is what determines revenue.
Selling another has no impact on overall revenue if marginal revenue is zero. Marginal revenue, which gauges the total revenue curve's slope, explains why these two variables are related.
When a company's total revenue is divided by the number of units sold, the result is its average revenue. The marginal revenue of a firm in a competitive market is always the same as its average revenue and price. When total sales remain constant, the margin is zero, and average revenue decreases.
To learn more about marginal revenue refer to:
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