MAC - 2233 Average and Marginal Business and Economics Functions
Marginal Revenue â The rate of change for the revenue for producing x items: ð
âē(ðĨ) Average Revenue â The average revenue of each item from among x items: ð
(ðĨ) ðĨ Marginal Average Revenue â The rate of change of the average revenue of each item among x items: âē RĖ
(x) Example: Bill owns a small business for selling pizza ... ................
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