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comment on the differences between the AR and MR curves
Weegy: Total Revenue-may be defined as the total receipts of (Hi firm from its sale. Total revenue is equal to total number of commodities multiplied by price per unit of commodity. Total reveue depends on the total sale. [ For example if a firm sells 60 of commodities at unit price Rs.20, the total revenue of the will be equal to 60 X Rs.20 - Rs.1200. Average Revenue is the revenue per unit of the commodity it is calculated by dividing total Revenue by the number of old to the customers. For example if the total amount of 60 units of shirts is Rs.3000, the average revenue per unit list.3000 -r 60 = Rs.50. Thus Rs.50 is the Average revenue unit sold. Here the average revenue and price per unit are equal. It should be noted that if a seller sells various units at the price, average revenue would be the same as price per unit commodity. But when different units are sold at different prices, then the Average revenue will not be equal to price. For example if a seller sells two units of commodities at two different prices such as Rs. 12 and Rs.8, the total revenue from the sale of two units will be Rs. 20. Average Revenue will be equal to Rs.20/2 = Rs.10. Therefore, it is seen that if various units are sold at different prices, average revenue is not equal to the prices of the concerned product. But what is seen in real life is that different units of a product are sold at the same price. In such a case price = AR. That is why in economics Average revenue is synonymous to price. The AR curve is also the same thing as the demand curve. Marginal Revenue: Marginal revenue at any level of firm's output is the net revenue added to the total revenue by selling an additional unit of the product. In other words Marginal Revenue is the addition to total revenue earned by selling n units of product instead of (n-1) units. For example if a seller sells 10 units of a product at Rs.130 and if he sells by one unit more i.e. 11 units, he gets Rs. 132 as total revenue. Thus MR ... (More)
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Asked 4/8/2013 3:51:36 AM
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Types of aircraft in South Africa
Weegy: Fighter, Trainer, Transport and Helicopter are the list of aircraft classes in South African Air Force. (More)
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Asked 4/8/2013 11:25:47 AM
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Two item not included in rovos rail package
Weegy: Check this out..[ ] (More)
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Asked 4/8/2013 12:05:42 PM
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Safety guide when visiting zimbabwe
Weegy: Zimbabwe is a developing country and the economic condition is not ideal but it is a country with so many things to offer a traveler with its rich history, fantastic sceneries, several game reserves and local culture. [ Check with your travel agent if you need to apply for a visa to visit Zimbabwe and make sure that your passport is still valid for at least six months and there are still blank pages left in it for customs entry and exit stamping. At least three months before your trip to Zimbabwe do have a physical checkup and check with your doctor on what vaccinations and inoculations you would need for your trip. If you had come from a country or area that is yellow fever infected, you would need valid Yellow Fever Vaccination Certificate. You should get vaccination for typhoid and H1N1. Pack a travel first aid kit with you, including several pairs of latex gloves and any prescription medicine that you require that will last for the duration of your trip and until you get back home as this may not be available in Zimbabwe. You should also carry the original prescription with you as proof that you need the medicine. Include painkillers, antacids and anti-diarrheal medicine, oral rehydration sachets, cold remedies and antihistamines. .. ] (More)
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Asked 4/9/2013 2:08:22 PM
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