a) Revenue
0.0(0)
Studied by 0 people
View linked note
Call Kai
Learn
Practice Test
Spaced Repetition
Match
Flashcards
Knowt PlayCard Sorting
1/6
There's no tags or description
Looks like no tags are added yet.
Last updated 9:25 PM on 3/3/26
Name | Mastery | Learn | Test | Matching | Spaced | Call with Kai |
|---|
No analytics yet
Send a link to your students to track their progress
7 Terms
1
New cards
define total revenue
revenue from producing all output
2
New cards
state the formula for total revenue
TR = P × Q
3
New cards
define average total revenue (price)
revenue from producing one unit of output
4
New cards
state the formula for average total revenue
ATR = TR/Q
5
New cards
define marginal revenue
revenue from producing one additional unit of output
6
New cards
state the formula for marginal revenue
MR = ΔTR / ΔQ
7
New cards
show a revenue-output graph
