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The importance of being able to quickly calculate MR is that the profit-maximizing condition for firms regardless of market structure is to produce where marginal revenue equals marginal cost (MC). To derive MC the first derivative of the total cost function is taken. For example, assume cost, C, equals 420 + 60Q + Q 2. then MC = 60 + 2Q. [11]
The relationship between price and quantity demanded holds true so long as it is complied with the ceteris paribus condition "all else remain equal" quantity demanded varies inversely with price when income and the prices of other goods remain constant. [3] If all else are not held equal, the law of demand may not necessarily hold. [4]
Dollar cost averaging: If an individual invested $500 per month into the stock market for 40 years at a 10% annual return rate, they would have an ending balance of over $2.5 million. Dollar cost averaging (DCA) is an investment strategy that aims to apply value investing principles to regular investment.
This also means that the slope depends on the units of measurement and will change if the units change (e.g., dollars per pound versus dollars per ounce) while the elasticity is a simple number, independent of the units (e.g., 1.2).
In order to perform a profitability analysis, all costs of an organisation have to be allocated to output units by using intermediate allocation steps and drivers. This process is called costing. When the costs have been allocated, they can be deducted from the revenues per output unit. The remainder shows the unit margin of a product, client ...
We wish we would've known this with our puppy!
WASHINGTON (Reuters) -The Justice Department late on Wednesday asked a U.S. appeals court to reject an emergency bid by TikTok to temporarily block a law that would require its Chinese parent ...
Jahmyr Gibbs stirred up a controversy by posting a photo that contained info on the Lions' protection calls, but Dan Campbell isn't sweating it.