The marginal revenue curve represents the change in total cost that results from a change in the quantity produced and sold.
What does total revenue mean?
- Total revenue is the overall sum of money received by a business from the sale of its products and services.
- Based on demand and price, it measures how successfully a company is generating revenue from its main operations.
- The whole amount of money a seller can make by providing goods or services to customers is known as total revenue.
- The formula for this is P Q, or the purchase price times the quantity of the products sold.
To learn more about total cost, refer to:
https://brainly.com/question/16910784
#SPJ4
