Saved Bookmarks
| 1. |
Define total revenue of firm. |
|
Answer» Total revenuein economics refers to thetotalreceipts fromsalesof a given quantity of goods or services. It is thetotalincome of a business and is calculated by multiplying the quantity of goods sold by the price of the goods. Like my answer if you find it useful! what does avertical supply curve impl suppo2 see there are three firms in a perfectly competitive market. all these firms have similar supply curve (SS)draw that market supply curve as given in the supply schedule |
|