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Earn +20 ptsQ: What does revenue ruling 71-287 say?
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What is marginal revenue?
Marginal revenue is the change in total revenue over the change in output or productivity.
How do you find projected profit?
(Projected revenue) - (Extended Cost) (Projected revenue) - (Extended Cost)
Revenue for a company was $1.2 million, and then grew 10% each year for 7 years. What is the revenue for the last year (round to the nearest 1,000)?
The revenue for the last year would be $2,598,000.
How do you calculate marginal revenue cost by math and graphically and marginal in general?
Profit=Total revenue - Total cost
How is total revenue calculated?
Total revenue is calculated by multiplying the price of the product sold by the quantity sold. PQ = R. Total profit is total revenue minus costs incurred. R-C = P
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