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if a price cut decreases total revenue, demand is elastic.
if a price cut decreases total revenue, demand is inelastic.
if a price cut leaves total revenue unchanged, demand is unit elastic.
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∙ 12y ago
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Total revenue and total cost curves?
total cost= total revenue, it is the same thing in different name.
How do you get the total revenue?
Total sales - Cost of goods sold = Revenue
Profit maximization using Total revenue and Total cost approach?
level of output to look at the total revenue and total cost curve directly
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).
What revenue is the change in total revenue that results from selling one more unit of output?
Marginal Revenue =
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.
How do you calculate total room revenue?
how do calculate total of rooms revenue
Total revenue and total cost curves?
total cost= total revenue, it is the same thing in different name.
How do i calculate percent profit?
The answer will depend on profits as a percentage of what! As a percentage of revenue, it would be 100*(Total Revenue - Total Costs)/Total Revenue In example (as given in discussion page) Total Revenue = 236,000 Total Costs = 173,000 Total Profit = Total Revenue - Total Costs = 63,000 So percentage profit = 100*63,000/236,000 = 26.7% (approx).
How do you you calculate total revenue percentage?
You can calculate the total revenue percentage by substituting the variable X for the monthly revenue, the variable Y for the period of time, and then multiple these to solve for the total revenue percentage.
What is McDonalds total annual revenue in the millions for 2008?
Its total revenue was $15.4 billion in 2002
How do you get the total revenue?
Total sales - Cost of goods sold = Revenue
What is the formula for Net Operating Margin in Excel?
=(total revenue- total expenditures)/revenue. you get a percentage.
Are total sales and total revenue the same thing?
Total sales and total revenue are slightly different. Revenue is any type of money or income that is coming into the company, which may not always be a form of sales. Sometimes a company or business may receive revenue from investments, which is different from when it is selling an item. Sales are a part of a company's total revenue.
What is the formula for Total Revenue and Total Cost?
Total revenue equals the sale price of products multiplued by the total amount of units sold
How is total revenue calculated?
Total revenue is calculated by multiplying the price of the product sold by the quantity sold. PQ = R. Total profit is total revenue minus costs incurred. R-C = P
Profit maximization using Total revenue and Total cost approach?
level of output to look at the total revenue and total cost curve directly
