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What is marginal revenue?
Marginal revenue is the change in total revenue over the change in output or productivity.
What is the meaning of shutdown point?
The shutdown point is the output level at which total revenue is equal to the total variable cost. Here the product price is also equal to its average variable cost.
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.
What does the acronym ARPU stand for?
ARPU stands for average revenue per user. ARPU is an abbreviation typically used by networking companies such as telephone providers, internet service providers, and web hosts.
What is the meaning of average revenue and marginal revenue?
what is average revenue?
What does average item revenue mean on Excel?
The revenue is how much is earned on each item. If you total up the revenue of all items and then divide by the amount of items there are, you will get the average revenue. You could use the Average function in Excel to do this.
Which concept of revenue is called price?
Average revenue is nothing but the price of the product. Average revenue is the same as price of the commodity
How do you calculate average room revenue?
Average room revevue = total room revenue / no: of rooms sold
How do you find average monthly revenue?
Divide the yearly revenue by 12.
Why does average cost include profit?
it doesn't cost is cost revenue is revenue
Marginal revenue curve?
Explain why the marginal revenue(MR) is always less than the average revenue (AR)?
Differentiate average revenue and marginal revenue?
Average Revenue: Total revenue divided by the number of units sold. Marginal Revenue: Is the extra revenue that an additional unit of product will bring. It is the additional income from selling one more unit of a good; sometimes equal to price. It can also be described as the change in total revenue ÷ the change in the number of units sold. Relationship: They both are the revenue brought in by, in this case, units sold. They are both used to calculate the total revenue just that marginal is any exrta revenue that the average revenue has left over.
Meaning of average and marginal revenue?
Average revenue is the revenue per unit of the commodity sold. Average revenue and price are the same thing. It is obtained by dividing total revenue by the number of units sold by the producer. Suppose a firm's total revenue from the sale of 100 bicycles is Rs. 1,20,000,average revenue here will be, RS.12,00(1,20,000/100). Marginal revenue ia a net addition to the total revenue when one more unit of a commodity is sold. For example,suppose a firm receives total revenue of Rs. 5,000 from the sales of 10 fans and Rs.5,480 by selling 11 fans. Here Rs. 480(5,480-5,000) will be the marginal revenue from the sale of the 11th fan. Algebrically, marginal revenue is the addition to total revenue of the firm when it sells n units of product instead of n-1 units.
Why do average revenue rise under perfect competitive market?
In perfect competition prices are fixed, Average revenue is also same for all units of goods.
How does a monopolistically competitive firm determine its profit-maximizing price?
price = marginal revenue. marginal revenue > average revenue. price > marginal cost. total revenue > marginal co
What is hotel arr?
ARR = Average Room Revenue
