The deep state entered Americaâs national discourse in 2017 with the feeling of an already familiar character, ready to assume a starring role as hero or villainâdepending on how you feel about Trump.
If a firm produces past that point, then marginal revenue is less than marginal cost. This means that the firm is losing profit with each additional unit of output and it should produce less. Remember that a competitive firm has a flat MR curve which is equal to the market price.
Suppose a firm in a competitive market produces and sells 150 units of output and earns $1,800 in total revenue from the sales. if the firm increases its output to 200 units total revenue will be:2,400.uppose a firm in a competitive market produces and sells 8 units of output and has a marginal revenue of $8 what would be the firms total revenue if it instead produced and sold 4 units of output?: