Tag Archives | Revenue

Revenue of a Firm (With Diagram) | Economics

In this article we will discuss about the total, average and marginal revenue of a firm. (a) Total Revenue: Total revenue is the total sale proceeds or sale-receipts that a firm gets from the sale of its output at a particular price. Tables shows the revenue schedule of a firm. Let us suppose that the price per unit or average [...]

By Nipun S|2017-01-13T05:58:21+05:30January 13, 2017|Firm|Comments Off

Different between Gross Profit and Net Profit | Economics

The upcoming discussion will update you about the difference between gross profit and net profit. (a) Profit is commonly taken to mean the difference between total revenue and total cost. It is the reward for and monetary incentive to the successful conduct of business. Profit is different from other factor incomes. Rent arises to land as a factor; wages arise [...]

By Nipun S|2017-01-13T05:55:20+05:30January 13, 2017|Profit|Comments Off

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