--%>

Illustrates the types of revenue cost concept

Illustrates the types of revenue?

E

Expert

Verified

Types of revenue are as follows:

Mostly there are four main concepts of revenue as given,

a. Total revenue

b. Average revenue

c. Marginal revenue

d. Incremental revenue.

   Related Questions in Managerial Economics

  • Q : Explain the accounting cost concept in

    Explain the accounting cost concept in brief.

  • Q : Wage Rates and Marginal Resource Costs

    When a firm is a price taker into the labor market and the wage is $80 daily, the marginal resource cost incurred while hiring 20 more workers daily is: (w) $80. (x) $1600. (y) $800. (z) $400.

    Q : Value of the Marginal Product The value

    The value of marginal product of a variable resource is marginal physical product of it multiplied with: (w) the marginal revenue from the sale of its addition to output. (x) its cost. (y) the price of the product. (z) one.

  • Q : Illustrates the term shot run

    Illustrates the term shot run production function?

  • Q : Difference between economics and

    What is the difference between economics and managerial Economic?

  • Q : Decline in equilibrium marginal revenue

    Declines within the equilibrium marginal revenue product of a firm’s workers are probably to follow the adjustments to: (1) increases in specific training. (2) decreases in the wage rate. (3) increases in the demand for output. (4) hikes in the

  • Q : Define the term full cost concept

    Define the term full cost concept.

  • Q : State the causes for downward sloping

    State the causes for downward sloping of demand curve?

  • Q : Technological advances in starting of

    Technological advances because the starting of the twentieth century has: (w) removed the limits on our ability to produce. (x) removed the problem of scarcity. (y) expanded our capability to produce. (z) raised the use of resources for production.

    Q : Illustrate Screening by Asymmetric

    Insistence by a potential employer which job applicants submit a résumé is an illustration of: (1) networking. (2) screening. (3) signaling. (4) bragging. (5) qualifying. Please choose the right answer from above...I