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Explain why the marginal revenue(MR) is always less than the average revenue (AR)?
Not always. There are sources of revenue other than sales. For example, a company with considerable cash assets may have some revenue from interest.
marginal revenue always lies behind the demand curve,and when demand increases marginal revenue also increases.demand curve is used to determine price of a commodity.
Since Marginal revenue refers to the additional revenue earned by a monopolist by increasing the sale by 1 unit ( usually through lowering the price ), the additional revenue earned will always be less since there has been a drop in price.
Total Revenue - This is what it says in my economics book; A company's total revenue is defined as "the amount of money the company receives by selling its goods."Revenue in General - With that being said, it sounds like revenue is just the amount profit a company makes by selling it's good or sevices.Hope this helped, if not, look it up on Dictionary.com ! :) That is always what I do, and it has never let me down.
Explain why the marginal revenue(MR) is always less than the average revenue (AR)?
Yes. McDonald's Corporation will always own the property McDonald's sits on; the franchisee owns the equipment and food within. Rent is charged as a percentage of revenue.
No. A revenue account should always show a credit balance.
Revenue is always credit as all revenue accounts has credit balance as normal balance and cash received or accounts receivable is debit against it.
NO It's almost always against the property owner's will, but if there is no confrontation (breach of peace), it will be removed. And you can spend 6-24 months in jail for tresspassing.
Not always. There are actually almost 40 countries in which the largest city is not the capital. The most contrasting one is Mumbai, in India, with almost 14 million inhabitants while the capital, New Dehli, only has 295 thousand (making it a 13:1 ratio!).
If you multiply or divide an equation by any non-zero number, the two sides of the equation remain equal. This property is almost always needed for solving equations in which the variables have coefficients other than 1.
Not always. There are sources of revenue other than sales. For example, a company with considerable cash assets may have some revenue from interest.
Yes it is always the largest city in that state
Revenue
TURE
Internal Revenue Service