- Total money receipts of a firm from the sale of a given output is called total revenue.
TR = OUTPUT*PRICE
Marginal revenue is the change in total revenue when one more unit of a commodity is sold.
MR= change in TR/change in quantity sold
Average revenue refers to revenue per unit of output.
AR=TR/Q
Relationship between AR and MR:
a) When AR is decreasing, MR should be decreasing faster than AR. Thus, downward sloping MR curve is below the downward sloping AR curve(a situation of monopoly and monopolistic competition)
b) If AR is constant, MR is equal to AR. Both are indicated by the same horizontal straight line(a situation of perfect competition)
c) MR can be negative, but not AR.
Answer: hi :000000000000000000000000000000000000000000000000000000000000000000
Explanation:
Yes, some Italian words are the same in Spanish
Answer:
The answer is funnily C
Explanation:
There are 5 because of Capacity, Capital, Collateral, conditions, and character.
What does marriage mean? The literal meaning of marriage is a state in which two bipeds are to become partners for life, or at least are expected to, and live happily. over half of all marriages in the United States end in a divorce, most people lack the understanding of what it takes to stay married, living so closely to someone, waking up next to them and sharing each meal. Couples should become more aware of the commitment that they are commiting to when they decide to get married. Both parties need to know each far better than just dating, they need to know each other well enough that their wedding vows won't make too much of a difference. Of course not all marriages are made for love or by choice. If there is no love what is the meaning of being a partner in which you are to love the other party. Forced marriage, young girls having to marry an older man for money, being a sacrifice or due to a threat appointed to her family. (not being rude but dude what kind of assigment is this?)
