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Why total revenue equal to total cost?

No total revenue is total finance in, you need to take from this the running costs of the business to get the gross profit (net sales minus the cost of goods and services sold).


How do you find the total sales given the total revenue?

By checking one's inventory -- previous inventory minus the current inventory returns the difference that, multiplied by price, and assuming a flat price, would be equal to total revenue.


What is the meaning of shutdown point?

The shutdown point is the output level at which total revenue is equal to the total variable cost. Here the product price is also equal to its average variable cost.


Differentiate average revenue and marginal revenue?

Average Revenue: Total revenue divided by the number of units sold. Marginal Revenue: Is the extra revenue that an additional unit of product will bring. It is the additional income from selling one more unit of a good; sometimes equal to price. It can also be described as the change in total revenue ÷ the change in the number of units sold. Relationship: They both are the revenue brought in by, in this case, units sold. They are both used to calculate the total revenue just that marginal is any exrta revenue that the average revenue has left over.


What is a BEP?

A BEP is a break-even point, the point at which total costs equal total revenue and the organization neither makes a profit or a loss.


What is the total revenue at break even point if Ace corporation's variable costs are equal to 43 percent of sales revenue and their fixed costs per month are 600000?

Revenue at BREAK EVEN point is $0.00


How do you calculate total revenue?

To calculate total revenue you simply multiply the quantity by the price. Total revenue includes expenses; therefore, total revenue isn't the same as profit.


Is net earnings equal to net income?

I believe so. Net Income is equal to the income that a firm has after subtracting costs and expenses from the total revenue.


How do you calculate total room revenue?

how do calculate total of rooms revenue


How can one determine the method for finding marginal revenue in a perfectly competitive market?

To determine the method for finding marginal revenue in a perfectly competitive market, one can calculate the change in total revenue when one additional unit of output is sold. This can be done by taking the derivative of the total revenue function with respect to quantity. In a perfectly competitive market, marginal revenue is equal to the market price.


Does the price equal the marginal revenue in a competitive market?

In a competitive market, the price does equal the marginal revenue.


What does producer surplus equal?

The total producer surplus is what is left after you subtract the total variable cost from the total revenue. It is the amount of all the producer surplus for each product sold.