In stochastic models with labor contracts involving some kind of profit sharing both profit and worker's compensation are random variables. The appropriate marginal condition will be discussed in a model of such type. In addition, the robustness of the resulting marginal condition is analyzed with ...
Marginal Revenue is the extra revenue that an additional unit of product will bring a firm. It can also be described as the change in total revenue/change in number of units sold. Marginal Revenue, often abbreviated as MR, plays an important role in finding the profit-maximizing quantity, MR...
In the case of a monopoly, marginal revenue will have a falling trend. That said, additional revenue from every extra sale will continue to go down after a point in time. It is so because the producer will have to decrease prices after a certain level of sales if he wishes to sell mor...
–Marginal Revenue:refers to the extra revenue you receive when you sell one more unit of something. –Marginal Price:is how much extra a buyer has to pay to purchase an additional unit of something. Imagine you buy thirty pencils, and then ask the seller for one more – it is the pric...
homeof thepoorand sociallymarginalgroups.•amarginalincreaseinsales•There has been only amarginalincrease in sales.•Theresultis amarginalincrease in theriskofinfection.•Above$ 75,000, themarginalratewouldjump, again, to 34percent.•But whenfilmsaretaxedwe have just seen that themarginal...
Marginal cost is an important factor in economic theory because a company that is looking to maximize its profits will produce up to the point where marginal cost (MC) equalsmarginal revenue (MR). Beyond that point, the cost of producing an additional unit will exceed the revenue generated. ...
Middle English, from Anglo-French fé, fief, of Germanic origin; akin to Old English feoh cattle, property, Old High German fihu cattle; akin to Latin pecus cattle, pecunia money First Known Use Noun 14th century, in the meaning defined at sense 1a(1) Verb 15th century, in the meaning...
revenue.a 10% fall in revenue from sales→average revenue→marginal revenue2(alsorevenues)money that a government receives from taxa government plan to help boost revenueThe pensions are a good source ofincome tax revenue.3the Revenueused toreferto the government organization in Britain that ...
What is the meaning of a deficit balance of payment? What is the difference between expenditure from revenue and expenditure under Annual development Program? What is the significance of negative marginal revenue? What does "discounting" the future mean?
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