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Three measures of revenue

Three measures of revenue

Total revenue is all the money a firm receives from sales. If price is PPP and quantity sold is QQQ, then:

TR=P×Q TR = P \times Q TR=P×Q

7.5.8 definition and calculation of revenue: total, average and marginal revenue (TR, AR, MR) Lesson

  1. Intl A Level
  2. /Economics
  3. /7.5.8 definition and calculation of revenue: total, average and marginal revenue (TR, AR, MR)

Step-by-step lessons on CIE Intl A Level Economics 7.5.8 definition and calculation of revenue: total, average and marginal revenue (TR, AR, MR). Each one builds up to exam-style questions.

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