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Total revenue (TR)

Total revenue (TR) is the total income a firm receives from sales and is calculated by multiplying price by quantity sold.

Where this appears

The syllabus topics that use this term.

  • 2.4Alternative Business Objectives
  • 2.11Monopoly
  • 2.11Producer Behavior and Profit Maximization

Taught in Critique of the Maximizing Behaviour of Consumers and Producers

All 809 terms
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