Conclusion of concept of revenue
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Concept of revenue
Revenue is termed as the income of a firm. It is inclusive of expenses. Hence, it is different from profit.
There are different type of revenues
- Total Revenue
- Average Revenue
- Marginal Revenue
Total revenue refers to as the total sales of the company
Average revenue is referred to as per unit sale of a product
Marginal Revenue is referred as the total revenue by selling an extra unit of the product
learn more about the revenue from the link below
https://brainly.in/question/14935587
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