Business Definition For Total Revenue

The aggregate revenue obtained by a firm from the sale of a particular quantity of output equal to price times quantity. Under conditions of perfect competition the firm faces a horizontal demand curve at the going market price. Total revenue equals the number of items of a good or service sold multiplied by the price of the good or service.

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Operating income is income derived from normal business operations such.

Business definition for total revenue. Definition of total revenue. If the hot dogs are sold at 4 00 each the total revenue would equal 40 10 x 40. It is also referred to as the total sales. Total revenue price x number of units sold.

Revenue often referred to as sales is the income received from normal business operations and other business activities. It is the total income of a business and is calculated by multiplying the quantity of. Total revenue in economics refers to the total receipts from sales of a given quantity of goods or services. Each extra unit of output sold marginal revenue adds exactly the same amount to total revenue as.