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).
yes. total cost is the same as total revenue .
total cost= total revenue, it is the same thing in different name.
a. monopoly profit is maximized. b. marginal revenue equals marginal cost. c. the marginal cost curve intersects the total average cost curve. d. the total cost curve is at its minimum. e. Both A and B
At the output level at which the slopes of the total revenue and total cost curves are equal, provided the firm is covering its variable cost
level of output to look at the total revenue and total cost curve directly
when marginal revenue equal to marginal cost,when marginal cost curve cut marginal revenue curve from the below and when price is greter than average total cost
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.
total cost= total revenue, it is the same thing in different name.
a. monopoly profit is maximized. b. marginal revenue equals marginal cost. c. the marginal cost curve intersects the total average cost curve. d. the total cost curve is at its minimum. e. Both A and B
At the output level at which the slopes of the total revenue and total cost curves are equal, provided the firm is covering its variable cost
Profit=Total revenue - Total cost
level of output to look at the total revenue and total cost curve directly
when marginal revenue equal to marginal cost,when marginal cost curve cut marginal revenue curve from the below and when price is greter than average total cost
Total sales - Cost of goods sold = Revenue
A monopolist will set production at a level where marginal cost is equal to marginal revenue.
At this intersection point on a graph, firms will earn maximum profit, even if this point is under average total cost.
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.
Total revenue equals the sale price of products multiplued by the total amount of units sold