Question

Choose someone you know or someone famous and consider that person's income. (Sports players are useful for this, since their incomes are well-known, but if you can find out someone else's salary or want to make a guess at it for argument's sake, feel free. Politicians will work for this, too, but please be careful to analyze only this question and not to editorialize about politics.) How can you estimate what revenue that person creates? You don't need a number, just tell me what you would need to know. In addition, do you think this person earns above his or her marginal revenue product? If so, why?

Answer 1

I will opt for the famous person in Technical World that a person's name is Gates. he's the founding father of the Microsoft platform. Bill Gates' internet worth is $4 billion in one year. That averages bent on approximately $10,959,000 a day, that is additionally about $456,625 per hour, $7,610 per minute, and $127 per second.

Every company sets marginal revenue up to incremental cost once creating any call. because of the various shapes of their marginal revenue curves

Microsoft earns higher profit margins than retailers. Microsoft generates revenues from individual customers through workplace client, Devices, Gaming, and non-volume licensing of Windows OS. Microsoft also earns revenues through the sale of initial party games and third-party video game royalties

According to my opinion, Bill gate earn over higher than marginal revenue of his product thanks to the following reasons

a) Ability to reply to ever-changing technologies

b) Market demands, and business opportunities

c) Fulfillment demand of individuals

d) much loved the company

e) It will increase Efficiency tho' digital transformation.