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What qualities of mr shimada helped him become a business tycoon in America?
Honesty, trustworthiness, and humbleness
Explain why it is sometimes difficult to apply the MR equals MC rule in actual business situations?
to savewv time
How can one determine the marginal revenue formula for a business?
To determine the marginal revenue formula for a business, you can calculate the change in total revenue when one additional unit of a product is sold. The formula for marginal revenue is MR TR/Q, where MR is marginal revenue, TR is the change in total revenue, and Q is the change in quantity sold. By analyzing the revenue data and applying this formula, businesses can determine their marginal revenue.
How do you address a CEO?
In a letter: Dear Mr / Ms / Mrs name In speech: Mr name
What is the formula to get the MR in economics?
Marginal Revenue (MR) = Change in Total Revenue / Change in Q
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