- 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.
During the A. introduction stage of culture shock a person is excited about and interested in all of the new cultural experiences.
This is the stage when everything is still new, you are in love with the country and the language, and this may change over time.
Answer:
i know right i need help 2
Answer:
IF condition in Cell G4 is:
IF(G4>=8,"YES","-")
Explanation:
- I have made the excel file with required specifications. Check the file attached.
- If the Sales Rank is 8 or above Sales decision is "YES" otherwise it is "-".
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xlsx
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