1. Basic Profit & Revenue Formulas

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Last updated 3:14 PM on 8/12/26
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5 Terms

1
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Profit Equation A:

Profit=(P×Q)−[FC+(UVC×Q)]\text{Profit} = (P \times Q) - [\text{FC} + (\text{UVC} \times Q)]

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Profit Equation B:

Profit=Total Revenue (TR)−Total Cost (TC)\text{Profit} = \text{Total Revenue (TR)} - \text{Total Cost (TC)}

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Total Revenue (TR):

TR=P×Q\text{TR} = P \times Q

4
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Average Revenue (AR):

AR=TRQ=P\text{AR} = \frac{\text{TR}}{Q} = P

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Marginal Revenue (MR):

MR=ΔTRΔQ\text{MR} = \frac{\Delta \text{TR}}{\Delta Q}