Concepts of Revenue:
The amount of money that the firm receives by the sale of its yield in the market is termed as its revenue.Total Revenue:
Total Revenue refers to the net amount of money which a firm receives from the sale of its products.
Mathematically,
TR = PQ
Here, TR = Total Revenue; P = Price;Q = Quantity sold. Let’s assume a firm sells 1000 units of a product at the price of $ 10 each, the net revenue will be 1000 x $ 10 = $ 10,000/-Average Revenue:
Average revenue is revenue per unit of the commodity sold. It is computed by dividing the net revenue by the number of units sold.
AR = TR / Q
Here,AR = Average RevenueTR = Total RevenueQ = Quantity soldExample: Average Revenue = $ 10,000/1000 = $ 100/-Therefore average revenue means product price.Marginal Revenue:
Marginal Revenue is the addition made up to the net revenue by selling one more unit of a commodity.
For illustration, whenever 10 units of a product are sold at the price of $ 15 and 11 units are sold at $ 14/-, the marginal revenue becomes:
MRn = TRn – TRn-1
= $ (11x 14) – $ (10x 15)= $ 154 – 150= $ 4
Latest technology based Economics Online Tutoring Assistance
Tutors, at the www.tutorsglobe.com, take pledge to provide full satisfaction and assurance in Cost and Revenue help via online tutoring. Students are getting 100% satisfaction by online tutors across the globe. Here you can get homework help for Cost and Revenue, project ideas and tutorials. We provide email based Cost and Revenue help. You can join us to ask queries 24x7 with live, experienced and qualified online tutors specialized in Cost and Revenue. Through Online Tutoring, you would be able to complete your homework or assignments at your home. Tutors at the TutorsGlobe are committed to provide the best quality online tutoring assistance for Economics Homework help and assignment help services. They use their experience, as they have solved thousands of Economics assignments, which may help you to solve your complex issues of Cost and Revenue. TutorsGlobe assure for the best quality compliance to your homework. Compromise with quality is not in our dictionary. If we feel that we are not able to provide the homework help as per the deadline or given instruction by the student, we refund the money of the student without any delay.
tutorsglobe.com environmental biology assignment help-homework help by online botany tutors
Systematic Classification of Fungi tutorial all along with the key concepts of Chytridiomycetes or Chytrids, Zygomycota, Ascomycota, Basidiomycota, Glomeromycota, Microsporidea, Uredinomycetes and Ustilaginomycetes
Put a full stop to sleepless nights, and let qualified Animal Ecology Assignment Help tutors provide plagiarism free papers at reasonable prices.
tutorsglobe.com working of centrifugal pump assignment help-homework help by online centrifugal pump tutors
signal generator is electronic equipment that is employed to produces audio frequency and radio frequency waves.
tutorsglobe.com selective credit controls assignment help-homework help by online monetary policy of money tutors
www.tutorsglobe.com offers Needs of Requirement Analysis homework help, assignment help, case study, writing homework help, online tutoring assistance by computer science tutors.
tutorsglobe.com attainment of equilibrium in chemical reactions assignment help-homework help by online chemical equilibrium tutors
Chemical and Physical Instrumentation tutorial all along with the key concepts of About instrumentation, Remote sensing technique, laboratory equipments, Instrumentation for field observations, data collection
an open wireless technology standard for exchanging data over short distances from fixed and mobile devices, creating personal area networks (pans) with high levels of security is termed as bluetooth.
Isomerism in complexes tutorial all along with the key concepts of Structural isomerism, facial and meridional isomers, Optical isomerism, Geometric isomerism
Heat Transfer Mechanism tutorial all along with the key concepts of Heat Energy, Methods of Heat Transfer, Conductors and Insulators, Free electrons in metals, Conduction of Heat through Material, Thermal Resistance to Conduction
tutorsglobe.com vsb transmission assignment help-homework help by online characteristics of camera tubes tutors
tutorsglobe.com theories of translocation assignment help-homework help by online mineral nutrition tutors
theory and lecture notes of markets and equilibrium all along with the key concepts of markets and equilibrium, markets, equilibrium, homework help, assignment help and understanding macroeconomics. tutorsglobe offers homework help, assignment help and tutor’s assistance on markets and equilibrium.
1958284
Questions Asked
3689
Tutors
1442900
Questions Answered
Start Excelling in your courses, Ask an Expert and get answers for your homework and assignments!!