The following figure shows equilibrium at the industry and firm level. Figure 9.6
In the figure,
S 1 ,S 2 ,S 3 are the market supply curves.
D 1 and D 2 are the market demand curves.
MC is the marginal cost curve of the firm.
MR 1 and MR 2 are the marginal revenue curves of the firm.
ATC is the average-total-cost curve of the firm.
-According to Figure 9.6,an upward shift of the MR curve will result from:

Question

The following figure shows equilibrium at the industry and firm level. Figure 9.6  
In the figure,
S 1 ,S 2 ,S 3 are the market supply curves.
D 1 and D 2 are the market demand curves.
MC is the marginal cost curve of the firm.
MR 1 and MR 2 are the marginal revenue curves of the firm.
ATC is the average-total-cost curve of the firm.
-According to Figure 9.6,an upward shift of the MR curve will result from:

Quizplus · Accepted Answer

An upward shift in the marginal revenue curve indicates an increase in revenue for the firm. This increase in revenue can result from a larger demand, which would shift the market demand curve to the right and increase the price. The firm will then be able to sell more products at this higher price, resulting in a higher revenue and an upward shift in the marginal revenue curve.

The Following Figure Shows Equilibrium at the Industry and Firm