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Microeconomics 101

Date Posted: 22/11/2018
Category: Business
Due Date: 24/11/2018
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Thetutor 7 years, 10 months ago
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tutor4U_d_971 7 years, 10 months ago
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    tutor4U_d_971 | Nov 22, 2018, 16:09 PM
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    tutor4U_d_971 | Nov 22, 2018, 16:09 PM
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    User_18127 | Nov 22, 2018, 16:14 PM
  • Thank you very much. I will be back shortly with the answers
    tutor4U_d_971 | Nov 22, 2018, 16:15 PM
  • Appreciated.
    User_18127 | Nov 22, 2018, 16:15 PM
  • Hello, I have uploaded the complete task. Kindly confirm and release the payment. Go through it and if you have any question, kindly let me know. I am available to help. Will appreciate your Full 10/10 Rating and more assignments from you. Kind regards
    tutor4U_d_971 | Nov 22, 2018, 21:26 PM
  • Hello, I just have doubt about Q.1 for computing the MR. The numbers you put are just subtract from change in TR and not divided on change in Q. For instance: when Q = 12 and TR = 96, the provided answer is 96-54= 42, while if I implement the equation Change in TR / Change in Q, it would be like this: 96-54 / 12-6 = 7 Could you please clarify? Thanks
    User_18127 | Nov 23, 2018, 05:45 AM
  • Hello, I will update and send it right away
    tutor4U_d_971 | Nov 23, 2018, 06:53 AM
  • Hello, kindly note that marginal revenue is the additional income generated from the production of additional unit
    tutor4U_d_971 | Nov 23, 2018, 07:06 AM
  • In your case, we can compare production from Q= 11 to Q = 12. As per definition of the MR, it is change in production by additional 1 unit.
    tutor4U_d_971 | Nov 23, 2018, 07:08 AM
  • As well as the accompanying change in the revenues
    tutor4U_d_971 | Nov 23, 2018, 07:09 AM
  • Hello, kindly allow me to correct....
    tutor4U_d_971 | Nov 23, 2018, 07:10 AM
  • Am uploading a new one in a few
    tutor4U_d_971 | Nov 23, 2018, 07:11 AM
  • Hey, wait a moment I am uploading the assignment again
    tutor4U_d_971 | Nov 23, 2018, 07:20 AM
  • Unfortunately, you late :(
    User_18127 | Nov 23, 2018, 07:22 AM
  • Anyway, upload it for my information.
    User_18127 | Nov 23, 2018, 07:23 AM
  • I am sorry for the initial confusion......on the table, I had confused the price with the quantities. Sorry but I have rectified
    tutor4U_d_971 | Nov 23, 2018, 07:26 AM
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    tutor4U_d_971 | Nov 23, 2018, 07:46 AM
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