I think that the equation only applies to the competitive market... how about for the monopolistic firm? If i'm not mistaken, it is assumed that the price would exceed the marginal cost........ can someone explain that to me im confused
I divide through by dQ to get marginal revenue, which is defined as dTR/dQ (The derivative of total revenue with respect to output, Q). I want marginal revenue because profit maximization requires marginal revenue equal marginal cost.
Thank you. Seeing this one in 2024, great use.
I haven't gotten the lerner index all year, until this video. Thanks for posting
thanks man, you helped me 9yrs after
Thank you for your video. Really informative, helpful, and easy to understand.
I have a midterm tomorrow, and lecture slides were not helpful. Thank you very explaining everything steps by step. This was really helpful.
Ma'am your "account disable" in University of Hyderabad is resolved?
Thank you very much, this is just what I needed.
I think that the equation only applies to the competitive market... how about for the monopolistic firm? If i'm not mistaken, it is assumed that the price would exceed the marginal cost........ can someone explain that to me im confused
did u find out , pls explain
thankyou
in my language this is TERBAIK
Thank you!
thank you so much
very helpful! thanks!
Please explain why divided with dQ ? You shoul explain all steps . If i am watching this means that i have no idea
I divide through by dQ to get marginal revenue, which is defined as dTR/dQ (The derivative of total revenue with respect to output, Q). I want marginal revenue because profit maximization requires marginal revenue equal marginal cost.
@@EconomicsinManyLessons Thank you
Thanks!
Thanks
Great video thank you
Thank you!!!!:)
The question is; how we calculate Marginal Cost in the Lerner Index in empirical research.
you are not very explanatory. next time please post a more explanatory video
+Loyiso Mzamo i think this is best explanatory ever... how explanatory do you what to be