npsywhhs4b npsywhhs4b

24-03-2022
Geography

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Why is marginal revenue more important than the average revenue?

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skylertharp skylertharp

24-03-2022

Answer:

it measures increases in revenue from selling more products and services

Explanation:

Marginal revenue follows the law of diminishing returns, which states that any increases in production will result in smaller increases in output.

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