![](https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhBWGtI_wNuJKHFabatIi-HwC54_SdxH7ZY1ta6GM6l9FkIkU3NigPUR9PVwswN-wlExt6cx0-xpzuoZTO5DKxJLf0Qkm1TGVhiMyqNaLri3eAxQwk6AfjlRDgbVIj6zYh3sZTPxiQ2dZGw/s400/1.jpg)
![](https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEh8G7vpNt00bSbKJAS3xpJWhQsoYEbumN8tZ7XwNJ5RpNEaoqjljcHaIOamRhl26wkA_RuHyiFvZVWb_TUFVD_IaAgtDy-KjzryoDfEdxv161UTb3G0YNrjFa8X3hrIdZZwPblHkbrsFvj0/s400/a2-micro-profits_clip_image002.bmp)
MR=Marginal Revenue
AR=Average revenue(Total Revenue devided by Q)
SRMC=Short Run Marginal Costs(costs of producing one extra unit)
SRAC=Short Run Average Costs(Total costs devided by Q)
Intersections:
SRMC and SRAC-productive efficiency
SRMC and MR-profit maximising
AR and SRAC-normal profits
MR1 and Q-maximising Sales
Spaces:
difference between AR and AC at any Qx multiplied by Qx equals to profits.
Oh that's a great stuff!Thank you! whoever you are!)
ReplyDeleteNice joke dima!=)))Nice blog as well...!
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