Respuesta :
When marginal revenue is positive, total revenue increases when output increases and demand is elastic.
What is revenue?
- Revenue in accounting refers to the entire amount of money made through the sale of products and services that are essential to the company's core operations.
- The term "commercial revenue" can also refer to sales or turnover.
- Some businesses make money from royalties, interest, or other fees.
- The term "revenue" can mean income in general or the total amount of money earned over a certain time period, as in "Last year, Company X had revenue of $42 million."
What does a business's revenue mean?
- Revenue is the overall profit an organization makes through its primary activities, such as the sale of goods or services, the rental of real estate, regular payments, the interest on loans, etc.
- Before deducting any costs, like as discounts and returns, revenue calculations are performed.
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