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Longer titles found: Marginal revenue productivity theory of wages (view)

searching for Marginal revenue 43 found (80 total)

Profit (economics) (2,634 words) [view diff] exact match in snippet view article

output effect and the price effect, marginal revenue for uncompetitive markets is very different from marginal revenue for competitive firms. In the output

Demand (3,463 words) [view diff] exact match in snippet view article find links to article

competitive markets the demand curve, the average revenue curve, and the marginal revenue curve all coincide and are horizontal at the market-given price. The

Inverse demand function (875 words) [view diff] exact match in snippet view article find links to article

and the marginal revenue function. For any linear demand function with an inverse demand equation of the form P = a - bQ, the marginal revenue function

Monopsony (3,987 words) [view diff] exact match in snippet view article find links to article

left-hand side of this expression, R′(L){\displaystyle R'(L)}, is the marginal revenue product of labour (roughly, the extra revenue generated by an extra

Optimum sustainable yield (180 words) [view diff] exact match in snippet view article find links to article

maximizes the difference between total revenue and total cost. Or, where marginal revenue equals marginal cost. This level of effort maximizes the economic profit

Marginal factor cost (252 words) [view diff] exact match in snippet view article find links to article

factor up to the point at which its marginal factor cost equals its marginal revenue product (MFC=MRP). Marginal factor cost is an important concept in

Markup rule (483 words) [view diff] exact match in snippet view article find links to article

This yields: P′(Q)⋅Q+P=C′(Q){\displaystyle P'(Q)\cdot Q+P=C'(Q)} or "marginal revenue" = "marginal cost". P⋅(P′(Q)⋅Q/P+1)=MC{\displaystyle P\cdot (P'(Q)\cdot

Total cost (727 words) [view diff] case mismatch in snippet view article find links to article

= Average Total Cost Profit Maximizing Condition: Marginal Revenue = Marginal Cost Marginal Revenue =The rate of change in Total Revenue with Quantity

Shutdown (economics) (1,953 words) [view diff] exact match in snippet view article

the firm should operate, if at all, at the level of output where marginal revenue equals marginal cost. Second, the firm should shut down rather than

Monopolistic competition (2,668 words) [view diff] exact match in snippet view article find links to article

that exceeds marginal costs. The MC company maximises profits where marginal revenue equals marginal cost. Since the MC company's demand curve is downwards-sloping

Managerial economics (7,942 words) [view diff] exact match in snippet view article find links to article

and marginal revenue are extremely important in economics as a firm's profit is maximized when the marginal cost is equal to the marginal revenue. Managers

Price discrimination (8,526 words) [view diff] exact match in snippet view article find links to article

cost with marginal revenue (profit maximization). This output is then divided between the two markets, at the equilibrium marginal revenue level. Therefore

Socially optimal firm size (602 words) [view diff] exact match in snippet view article find links to article

firm produces at the quantity of output where marginal cost equals marginal revenue (labeled Q in the upper graph), and its per-unit economic profit is

Factor market (3,042 words) [view diff] exact match in snippet view article find links to article

marginal benefit is the marginal revenue product of labor or MRPL. The MRPL is the marginal product of labor (MPL) times marginal revenue (MR) or, in a perfectly

Outline of industrial organization (511 words) [view diff] exact match in snippet view article find links to article

people. Optimum factor allocation output elasticity of factor costs marginal revenue product marginal resource cost Pricing and various aspects of the pricing

Labour economics (5,944 words) [view diff] case mismatch in snippet view article find links to article

profits. The demand for an additional amount of labour depends on the Marginal Revenue Product (MRP) and the marginal cost (MC) of the worker. With a perfectly

Margin (economics) (2,895 words) [view diff] exact match in snippet view article

equal to the product of the demand curve and quantity supplied. The marginal revenue curve can then be calculated as the derivative of the total revenue

Structural unemployment (1,710 words) [view diff] exact match in snippet view article find links to article

governmentally imposed minimum wage is higher than some individuals' marginal revenue product in any given job, those individuals remain unemployed because

Marginal concepts (526 words) [view diff] exact match in snippet view article find links to article

result must be sacrificed in order to increase another output or result marginal revenue product marginal propensity to save and consume marginal tax rate marginal

Competition (economics) (8,393 words) [view diff] exact match in snippet view article

production to ensure they produce at a level where marginal cost equals marginal revenue. In a perfectly competitive market, firms/producers earn zero economic

Edward Chamberlin (875 words) [view diff] exact match in snippet view article find links to article

Chamberlin is also considered one of the first theorists who applied the marginal revenue idea, which is implicit on Cournot's monopoly theory in the late 1920s

Cost curve (3,520 words) [view diff] exact match in snippet view article find links to article

minimum value, then rises. The marginal cost is shown in relation to marginal revenue (MR), the incremental amount of sales revenue that an additional unit

Littlewood's rule (493 words) [view diff] exact match in snippet view article find links to article

gives the optimal protection limit, in terms of the division of the marginal revenue of both classes. Alternatively bid prices can be calculated via

Marginal product of capital (868 words) [view diff] exact match in snippet view article find links to article

It is only profitable for a firm to keep adding capital when the marginal revenue product of capital, MRPK (the change in total revenue, when there is

Mergers and acquisitions (10,684 words) [view diff] exact match in snippet view article find links to article

marginal revenue and price where this quantity intersects demand. When the Panic of 1893 hit, demand fell and along with demand, the firm's marginal revenue

Gordon-Schaefer model (280 words) [view diff] exact match in snippet view article find links to article

monopoly or competitive markets, increase production to the point that marginal revenue = marginal costs. Monopoly firms produce less at higher prices than

Collusion (3,728 words) [view diff] exact match in snippet view article find links to article

Firms generally prefer to produce at a level where marginal cost meets marginal revenue, if one firm can produce at a lower cost, it will prefer to produce

Economic equilibrium (2,916 words) [view diff] exact match in snippet view article find links to article

endogenous forces leading to the price or the quantity. In a monopoly, marginal revenue (MR) equals marginal cost (MC). The equilibrium quantity is obtained

J. K. Mehta (312 words) [view diff] exact match in snippet view article find links to article

known for his idea of wantlessness, presenting in 1931 the theory of marginal revenue. He was much inspired by Mahatma Gandhi and spread his theory of economics

Crookwell railway station (640 words) [view diff] exact match in snippet view article find links to article

It represents an early period of growth by the railways to areas of marginal revenue. This then was reflected in economic constraints causing a cutting

Revenue center (1,007 words) [view diff] exact match in snippet view article find links to article

the revenue target, he will maximise revenue. This will cause the marginal revenue to become zero. In large companies with multiple products, revenue

Mountifort Longfield (631 words) [view diff] exact match in snippet view article find links to article

1834. He argued against the labor theory of value and developed a marginal revenue productivity theory of labour and capital. It was unusual for its time

Cournot competition (4,227 words) [view diff] exact match in snippet view article find links to article

the marginal cost (MC{\displaystyle {\text{MC}}}) is equal to the marginal revenue (MR{\displaystyle {\text{MR}}}). Intuitively, this suggests that firms

Imperfect competition (2,468 words) [view diff] exact match in snippet view article find links to article

monopolist's profit maximising quantity is where marginal cost equals marginal revenue. At this point: Output is below the level of a perfectly competitive

Maximum sustainable yield (4,156 words) [view diff] exact match in snippet view article find links to article

maximizes the difference between total revenue and total cost. Or, where marginal revenue equals marginal cost. This level of effort maximizes the economic profit

Merger simulation (1,266 words) [view diff] exact match in snippet view article find links to article

downwards, such that an increase in a rivals’ output lowers the firm’s marginal revenue. This assumption is made as if marginal revenues were unaffected by

Sustainable yield in fisheries (892 words) [view diff] exact match in snippet view article find links to article

maximizes the difference between total revenue and total cost. Or, where marginal revenue equals marginal cost. This level of effort maximizes the economic profit

Craig Schiffer (655 words) [view diff] exact match in snippet view article find links to article

restructured and took the fixed income derivatives business from a marginal revenue producer and transformed it into one of the most profitable businesses

Sharing economy (9,399 words) [view diff] exact match in snippet view article find links to article

firms are able to save money on long-term labor costs and increase marginal revenue from their operations. The sharing economy allows workers to set their

Philip Andrews (economist) (567 words) [view diff] exact match in snippet view article

an individual firm's output at a level where marginal cost equals marginal revenue. The share of the market share of each firm will depend on dynamic

Gallagher Amendment (1,014 words) [view diff] exact match in snippet view article find links to article

the valuation (and the time and resources which it required) and the marginal revenue produced by the tax. The Gallagher Amendment had other effects as well

Non-price competition (3,078 words) [view diff] exact match in snippet view article find links to article

demand curve model, the firm will maximize its profits at Q,P where the marginal revenue (MR) is equal to the marginal cost (MC) of the firm. Hence, a change

Keynes's theory of wages and prices (2,358 words) [view diff] exact match in snippet view article find links to article

important difference is that when competition is not perfect, "it is marginal revenue, not price, which determines the output of the individual producer"