- 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.
Really m8?? Dont u have anything better to do?? This is boring i know but go and get a life.
D . opinions and experiences!
Answer:落後的城市 -backward city
落後 -behind
Explanation:
Answer: the impact of the speaker is that he feels like anything is possible so he think he can fix something or that he can solve a problem his impact can effect people and make them want to help