Question

What is ment by total revenue ? Write its formula.

Answer 1

Answer:

free earned from providing services and the amount of merchandise sold

ex. sales services ,fees earned.

formula is here.

TR= P*Q

Total revenue=price *quantity

Answer 2

Answer:

Total revenue in economics refers to the total sales of a firm based on a given quantity of goods. It is the total income of a company and is calculated by multiplying the quantity of goods sold by the price of the goods. ... Total revenue is calculated with this formula: TR = P * Q, or Total Revenue = Price * Quantity.