Livingeconomics

Demand Elasticity and Total Revenue (11/2/2011)

A linear downward-sloping demand curve has a range of demand elasticities and an inverted U-shaped total revenue curve under single pricing.

Keywords: demand elasticity, elastic demand, inelastic demand, total revenue

Demand Elasticity and Total Revenue -youtube (transcript) (1/29/2012)

A linear downward-sloping demand curve has a range of demand elasticities and an inverted U-shaped total revenue curve under single pricing.

Keywords: demand elasticity, elastic demand, inelastic demand, total revenue

Profit Maximization - Total vs Marginal (11/17/2007)

Profit maximization can be characterized with reference to the total revenue and total cost curves or the marginal revenue and marginal cost curves

Keywords: fixed cost, marginal cost, marginal revenue, profit maximization, total cost, total revenue, variable cost

Profit Maximization Under Natural Monopoly (1/23/2012)

Natural monopoly with decreasing average total cost can still make profit by equating marginal revenue with marginal cost while achieving economic efficiency through price discrimination.

Keywords: ATC, average total cost, marginal cost, marginal revenue, MC, MR, natural monopoly, price discrimination, profit maximization, regulation, single pricing, total revenue, total willingness to pay, TWP

Profit Maximization Under Natural Monopoly (transcript) (1/29/2012)