How, are the total revenue of a firm, market price and the quantity sold by the firm related to each other?

How, are the total revenue of a firm, market price and the quantity sold by the firm related to each other?

Monjur Alahi

4 views

2025-01-04 04:42

1 Answers

Salim Ahmed Kawsar

Total revenue is the multiplication of quantity sold and market price, whereas market price is the ratio of total revenue and quantity sold.

TR = P X Q

P = △TR/△Q

4 views Answered 2023-02-05 15:29

Related Questions

Mohan bought a jute bag @ 30% discount on the list price. He then sold it at a price which is 160% of the list price thereby making a profit of Rs.81.

1 Answers 5 Views

How are the total revenue of a firm, market price, and the quantity sold by that firm related to each other?

1 Answers 8 Views

What is the relation between market price and average revenue of a price taking firm?

1 Answers 4 Views

Calculate the total revenue, marginal revenue and average revenue schedules in the following table.

1 Answers 4 Views

A firm earns a revenue of Rs 50 when the market price of a good is Rs 10. The market price increase to Rs 15

1 Answers 5 Views

At the market price of Rs 10, a firm supplies 4 units of output. The market price increases to Rs 30.

1 Answers 4 Views

What is the relation between market price and average revenue of a price-taking firm?

1 Answers 4 Views

What is the behaviour of average revenue in a market in which a firm can sell any quantity of a good at a given price?

1 Answers 4 Views

What is the relation between market price and marginal revenue of a price-taking firm?

1 Answers 9 Views

What is the behaviour of marginal revenue in the market in which a firm can sell any quantity of the output it produces at a given price.

1 Answers 4 Views

এক্সাম দিয়ে মেধা যাচাই করুন

Job Preparation (1125)

Admission (754)

এসএসসি (10)

এইচএসসি (5)