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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A purely competitive resource market shows that an individual firm faces a resource supply curve which is: (w) perfectly inelastic. (x) perfectly elastic. (y) downward sloping. (z) backward bending. Discover Q & A Leading Solution Library Avail More Than 1448256 Solved problems, classrooms assignments, textbook's solutions, for quick Downloads No hassle, Instant Access Start Discovering 18,76,764 1949321 Asked 3,689 Active Tutors 1448256 Questions Answered Start Excelling in your courses, Ask an Expert and get answers for your homework and assignments!! Submit Assignment
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