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It added an extra area to its empire, and the revenue therefrom.

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It added an extra area to its empire, and the revenue therefrom.

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Average revenue (AR): total revenue per unit of a product sold;

Total revenue (TR): total number of dollars received by a firm or firm from the sale of a product;

Marginal revenue (MR):additional revenue received result from the sale of an extra unit of product;

Under perfect competition P=AR=MR and the firm's demand curve is flat.

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Average Revenue:

Total revenue divided by the number of units sold.

Marginal Revenue:

Is the extra revenue that an additional unit of product will bring. It is the additional income from selling one more unit of a good; sometimes equal to price. It can also be described as the change in total revenue ÷ the change in the number of units sold.

Relationship:

They both are the revenue brought in by, in this case, units sold. They are both used to calculate the total revenue just that marginal is any exrta revenue that the average revenue has left over.

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It depends on the business. If the company is in the business of renting apartments, then it would be operating income. But on the contrast if the company is renting out an extra room for some extra cash than no.

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The answer is money, revenue, the extra 6 teams means more money, more fans, more jerseys, to sell.

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