- 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:
नजमवापषनदविउउषथक ानवनमन
Explanation:
खवजाषाथअषाटनथमयनय थउथउनष खउजयनय
Answer:
As living organisms you treat your soil is pebble an organic matter, it will treat soil... Consists of plant and animal material that is in the quantitative modeling organic... ) is a material that returns to the forest floor the process of decomposing content
Explanation:
SO Yes it is
