CHAPTER 7
Revenue
,Meaning
The amount of money a producer
receives in exchange for the sale
proceed.
A firm gets 20,000 from sale of 100
units. Then revenue of the firm will be
20,000
Amount received by a firm from the
sale of given quantity of a
commodity in a market
, 3 types of Revenue
Total Revenue ( TR)
Average Revenue ( AR)
Marginal revenue ( MR)
Revenue
,Meaning
The amount of money a producer
receives in exchange for the sale
proceed.
A firm gets 20,000 from sale of 100
units. Then revenue of the firm will be
20,000
Amount received by a firm from the
sale of given quantity of a
commodity in a market
, 3 types of Revenue
Total Revenue ( TR)
Average Revenue ( AR)
Marginal revenue ( MR)