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.
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Why is wealth definition of economics criticized?
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The costs of investing within human capital are probably to be borne by the employee when human capital a worker obtains “on the job” is: (1) general. (2) marginal. (3) precise. (4) generic. (5) specific. Discover Q & A Leading Solution Library Avail More Than 1420743 Solved problems, classrooms assignments, textbook's solutions, for quick Downloads No hassle, Instant Access Start Discovering 18,76,764 1941711 Asked 3,689 Active Tutors 1420743 Questions Answered Start Excelling in your courses, Ask an Expert and get answers for your homework and assignments!! Submit Assignment
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