It is also equal to the total revenue product divided the amount of x used. It is also equal to the additional revenue from the last unit of input used. The quantity of the input that will be purchased at alternative prices. It is the MRP curve in Stage II, where MRP is less than ARP and greater than 0. Average Revenue is the price of the product.
Marginal revenue is the price of the product.
The determination of the level of output that will give the same Total Revenue as the Total Cost . The situation where the price the firm receives is not high enough price to cover its variable costs and it will lose less by shutting down than by operating.