Define marginal revenue. How is it calculated? Why is marginal revenue constant and equal to price… 1 answer below »


a. Define final enrichment. How is it fitted? Why is final enrichment uniform and similar to value underneathneath consummate race?

b. What is the mould and elasticity of the call-for deflexion oppositeness a consummately competitive fixed? Why?

c. How does the fixed designate how plenteous to amount in the lacking run?