- 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:
Women and children may be seen as just objects for men, which is not true. Women and children are people too
Explanation:
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Extra:
The Declaration of Independence was written in order to clarify and justify the actions of The Second Continental Congress, which was to assume the powers of an official government. The colonists' saw themselves as Englishmen, with all the rights of Englishmen.
Health is a very relatable topic for children. It plays a crucial role in the physical and mental development of a child. They can shape their life by maintaining their health at this stage of life. Providing a healthy life to children is the liability of their parents. The health of the children depends much on the awareness of their parents.
There are many factors that affect the health of an individual or the entire family. Some of these factors are income & social status, education, environment, culture, health facilities, etc. All of these factors hugely affect the health of the people. In many cases, gender becomes an important factor in deciding the health of people. The women in society struggle a lot in the absence of all the required facilities.
There are some basic rules that we can follow to avoid health issues. The first thing that we should work on is 'stress'. Stress is the mother of all diseases. Though mental stress is natural and inevitable, holding it for a long time can make us sick. We should avoid having mental stress for a long time.
Waking up early in the morning and having a walk can help you best in your health. This is the only time we get the fresh air to breathe in. The morning walk is like a whole-body exercise. It provides energy to work for the complete day tirelessly. Being positive and social with your environment is also helpful in keeping you healthy
