Florida girl's death brings to light tonsillectomy risks. September 23, 2010|By Lorri Helfand and Letitia Stein, St. Petersburg Times. The recent death of a seemingly healthy, 12-year-old Pinellas County girl following a tonsillectomy may have many parents worried about one of the most common surgical procedures performed in children.
In a perfectly competitive market price is equal to marginal revenue. Price will also equal average cost. If price was greater than average cost the firms in the market would be making profit. This would lead to more firms entering (remember no barriers to entry) until profits are eliminated.
Average revenue is revenue per product. For example, if your firm's total revenue is $200, and you are selling 100 products, then your average revenue is $200 divided by 100, or $2. Marginal Revenue. Marginal revenue is the additional revenue from selling one more product.elow is a table of a hypothetical firm, which has a choice of selling quantities ranging from 0 to 130. The product's price is constant at $2. Therefore, average and marginal revenue are $2, as well. For example, at a quantity of 110 units, the total revenue is 110 times $2, or $220.