Fundamentals of Economic concepts, is an aim to help students understand the the complex and abstract concepts, theories and models in Economics The blog will be using real life examples to help you understand the key concepts of Economics Wealth Welfare definition Marshall Scarcity definition Robins Growth definition Micro and macro economics Stable, unstable and neutral equilibrium. Methodology in Economics Inductive Deductive. Utility and Satisfaction. Keynes. Hicks Adam Smith Samuelson.
Thursday, May 21, 2020
Marginal Revenue
Marginal Revenue is the change in total revenue resulting from an increase in sale by an additional unit of the product in a particular time.
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