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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?
What is public revenue in India?
The revenue received by the govt. of india from all its resouerces is know as Public Revenue. There are twi types of revenues:- 1) Tax Revenue 2) Non-Tax revenue - sub-types a) Commerrcial Revenue b)Fee etc..
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.
How can one determine marginal revenue from total revenue?
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.
How does production influence revenue?
Revenue is directly proportional to the production. Higher the production, more the revenue would be.
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?
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.
What is internal revenue code section 2040b?
It covers the interests of spouses excluded from a gross estate. It states, in the case of any qualified joint interest, the value included in the gross estate with respect to such interest by reason of this section is one-half of the value of such qualified joint interest.
Definition of incremental revenue?
Incremental Revenue is the increase of revenue between a new revenue and a previous revenue, thus the formula: Incremental Revenue = New Revenue - Previous Revenue
What is valid revenue code for cpt 96374?
CPT code 96374, which refers to the therapeutic, prophylactic, or diagnostic injection into a major joint or bursa, typically corresponds to revenue code 0636. This revenue code is used for outpatient hospital services related to injectable medications and therapies. It's essential to verify with specific payer guidelines, as codes may vary based on the context of the service and facility.
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.
What is the meaning of average revenue and marginal revenue?
what is average revenue?
Is service revenue an asset or liability?
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?
It's a revenue. However, it's not a "Sales revenue", it's a "Other revenue".
Unearned revenue is a contra revenue account?
Unearned Revenue is a Liability Account
What is the journal entry for prepaid revenue?
prepaid revenue is debited and revenue is credited
