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3.3.1 Revenue

Total revenue is calculated using [...]\text{[...]}[...].
Average revenue is calculated using AR=TRQAR = \dfrac{TR}{Q}AR=QTR​.
Marginal revenue is calculated using MR=ΔTRΔQMR = \dfrac{\Delta TR}{\Delta Q}MR=ΔQΔTR​.

A

TR=P×QTR = P \times QTR=P×Q

B

TR=P+QTR = P + QTR=P+Q

C

TR=PQTR = \dfrac{P}{Q}TR=QP​

D

TR=ΔTRΔQTR = \dfrac{\Delta TR}{\Delta Q}TR=ΔQΔTR​

3.3.1 Revenue Flashcards

  1. A Level
  2. /Economics
  3. /3.3.1 Revenue

Flashcards for Edexcel A A Level Economics 3.3.1 Revenue, covering the key terms, economic models and case studies you need to recall for Paper 1, Paper 2 and Paper 3. 21 cards, matched to the Edexcel A A Level Economics (9EC0) specification.