Total, average, marginal and incremental revenue concept
Explain the meaning of total, average, marginal and incremental revenue.
Expert
Total revenue implies the product of commodity price to the total quantity of outputs produced within a current business period. As well as average revenue is acquired by dividing the total revenue along with number of units sold. And also marginal revenue is the additional revenue to total revenue while an additional unit is generated.
what are the criteria for good forecasting
Explain the reasons for demand curve slopes downward.
Illustrates the term monetary policy?
Explain about the term Recovery in phases of business cycle.
A firm's demand for labor would decrease when the: (1) price of the output rose. (2) labor supply curve shifted outward. (3) price of capital rose. (4) wage rate rose. (5) productivity of all workers fell. I need a
Explain the Simultaneous equation method of Demand Forecasting.
In countries employing decentralized markets for nearly all decision making: (1) Private individuals select how most resources and goods are allocated. (2) Nonhuman resources should be individually owned. (3) Elaborate economic plans are planned and enforced by law. (
Competitive equilibria in competitive labor markets need: (w) P = MR = AVC. (x) VMP - P is maximized. (y) VMP = MRP = MFC = w. (z) output is at a break-even level. (q) MPP = P. Can anybody suggest me the proper exp
what is exceptional demand curve and its explanation?
Define the term cost plus pricing.
18,76,764
1948566 Asked
3,689
Active Tutors
1438173
Questions Answered
Start Excelling in your courses, Ask an Expert and get answers for your homework and assignments!!