Describe the term Incremental Revenue in details
Describe the term Incremental Revenue in details.
Expert
This revenue simply refers to rise in revenue. This is the difference among the new total revenue and existing total revenue. This measures the impact of decision alternatives upon the total revenue. There formula for measuring incremental revenue is as given below:
IR = R2-R1
Here, IR = Incremental revenue
R2 = New total revenue and
R1 = Old or existing total revenue.
Explain the accounting cost concept in brief.
Main determinants of wage differentials comprise: (1) general human capital requirements. (2) working conditions. (3) occupational crowding (4) specific human capital requirements. (5) All of the above. I need a go
Firing a worker who regularly goods off and calls in sick may not resolve the moral hazard problem of shirking when: (w) there is a high probability which the worker will sue the firm. (x) the local unemployment rate is high. (y) average worker productivity is low. (z
Differentiate between extension/contraction and shift in demand?
Illustrates the reasons for charging skimming price strategy?
Define the term full cost concept.
What is the Evan J Douglas’s definition of Managerial economics?
What are the advantages and disadvantages of trend projection method?
The income effect of a small change within the wage rate for that worker most strongly exceeds the substitution effect at a wage rate of: (1) $5 per hour. (2) $10 per hour. (3) $10 per hour to $25 per hour. (4) $25 pe
Explain the money cost concept briefly.
18,76,764
1945490 Asked
3,689
Active Tutors
1414828
Questions Answered
Start Excelling in your courses, Ask an Expert and get answers for your homework and assignments!!