Relation between average and marginal revenue
Describe the relation between average revenue and marginal revenue. whenever a firm can sell an extra unit or a good by lowering price.
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(i) AR and MR both decreases.(ii) MR decrease at the rate of twice than AR.(ii) MR become zero and negative but AR can never be zero.
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How is TVC derived from MC? Answer: TVC = Sigma MC
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Can someone help me in finding out the right answer from the given options. The law of diminishing marginal utility might be evidenced by the person: (i) Smoking more however enjoying each and every extra cigarette less. (ii) Buying a latest car after
Salespeople as illustrated in graph who earn percentage commissions upon the total revenue from DVD games would create their highest incomes at specific price of: (w) $50. (x) $25. (y) $10. (z) zero. Discover Q & A Leading Solution Library Avail More Than 1412685 Solved problems, classrooms assignments, textbook's solutions, for quick Downloads No hassle, Instant Access Start Discovering 18,76,764 1949992 Asked 3,689 Active Tutors 1412685 Questions Answered Start Excelling in your courses, Ask an Expert and get answers for your homework and assignments!! Submit Assignment
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