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how much producers make together when they combine their profits from making certain products.
for example, say you have 2 firms A and B, each producing X and Y. X is sold for $2, Y is sold for $5.
Joint revenue = $2 ( total X ) + $5 (total Y)
where total X is the combined units of X that firms A and B make together, and total Y is the combined units of Y that firms A and B make together.
What else can I help you with?
What is the meaning of average revenue and marginal revenue?
what is average revenue?
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How can one determine the total revenue from marginal revenue in a business setting?
To determine total revenue from marginal revenue in a business setting, you can multiply the marginal revenue by the quantity of goods or services sold. This will give you the total revenue generated from each additional unit sold.
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To determine marginal revenue from total revenue, you can calculate the change in total revenue when one additional unit is sold. This can be done by finding the derivative of the total revenue function with respect to the quantity of units sold. The resulting value will give you the marginal revenue at a specific quantity level.
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Can revenue Canada freeze a joint bank account?
It is possible for Revenue Canada to freeze a person's bank account. This includes both single and joint bank accounts.
What is a joint venture?
Joint venture (JV) is a type of business agreement which the parties develop for a finite time. They share the expenses and revenue in agreed ratio. The parties to JV are called co-venturers. It is like short time partnership.
Joint venture is a?
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Definition of incremental revenue?
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What is the meaning of average revenue and marginal revenue?
what is average revenue?
What is Mahalwari settlement?
Mahalwari settlement was a land revenue system introduced during British rule in India. Under this system, the revenue was collected from the village as a whole, rather than from individual landholders. This system aimed to create a sense of joint responsibility among villagers for tax payment and administration of land revenue.
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Services revenue is revenue same as product revenue and it is not an asset or liability of the business.
Gain on sale of land is an asset or revenue?
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