The price of a firm is equal to its marginal cost in both the short and long run. In both the short and long run, price equals marginal revenue. Firms should increase output as long as marginal revenue exceeds marginal cost, and reduce output if marginal revenue is less than marginal cost.
Revenue is the gross income derived from the sale of goods and services related to the company's main activities. Commercial income is also called sales or earnings. Some companies derive their income from interest, royalties, or other fees.
Revenue is the gross income a business generates from its core business, such as sales of products and services, property rentals, regular payments and interest on loans. Sales are calculated before deducting costs such as discounts and returns.
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When they have to interact with peers and large groups of people, extraverts can be better leaders. Extraversion is characterized by talkativeness, gregariousness, and exuberance.
A person who possesses these characteristics is better able to solve problems and think critically while communicating with others and in groups.
<h3>Why are extraverts better leaders than introverts?</h3>
In certain business situations, the ability of extroverts to make decisions quickly can be extremely advantageous. They get to know the people on their team quickly and aren't afraid to say what's on their mind, so they can easily hold everyone accountable and win their trust and loyalty.
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It is a false statement that a debit is always a negative entry under the double-entry system of accounting,
<h3>What is the double-entry system?</h3>
In accounting, this refers to the system for recording transactions based on recording increases and decreases in accounts so that debits equal credits.
Hence, the double-entry system requires that each transaction must be recorded in at least two different accounts.
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