Lastly, the perspective taken in causal-realist production theory is not the one of a manager of some selected firm who in isolation--that is, at specified and constant factor costs--expands production until marginal revenue
equals marginal costs.
The MRP is equal to the product of the marginal product of labour (MPL) and the marginal revenue
(MR) of output, given by MRxMP: = MRPL.
Differentiating (4) with respect to L and inserting the result in (5), the marginal revenue
Caption: Figure 2: Three cost curves (average total cost, marginal cost, and marginal revenue
A useful concept in finding a monopoly price is marginal revenue
, although Mises does not refer to it.
Where else could I learn about the 1905 Waseda University Japanese good will tour of the West Coast (Rob Fitts) one minute and the Marginal Revenue
Product of what pitchers are actually worth (Shane Piesek, who calculates that the average impact of strikeout to walk ratio on team revenue is $37,114.50) the next.
Profit maximization occurs where marginal revenue
(MR) is equal to marginal cost (MC).
It makes absolutely no sense to jeopardize that trust for marginal revenue
. My hunch is that the L.A.
"ADY continues to be highly dependent on export/import and transit shipments with a high share of oil and oil products, with only marginal revenue
coming from local freight shipments," said the message.
Given the residual demand elasticity, the marginal revenue
of generator j at hour h (M[R.sub.jh]) is obtained as:
Terrestrial radio station operators aiming to maximize profits will use recorded music and any other program content, such as talk, in such quantities and proportions that their respective marginal contribution to station profitability is the same; i.e., the last unit, play or minute of recorded music content and the last unit, play-equivalent or minute of any other program content such as "talk" must generate or contribute the same net marginal profit (marginal revenue
minus marginal cost).
The marginal revenue
surplus is entirely on account of additional resource mobilisation proposed in the budget.