Revenue curves are visual graphs that show a company’s total revenue, average revenue, and marginal revenue at different
Tag: total revenue
average revenue
Average revenue (AR) is the amount of money a business earns for every single unit of product it
total revenue
Total revenue (TR) is the total amount of money a business earns from selling its goods or services.
marginal revenue
Marginal revenue (MR) is the extra income a business earns by selling one additional unit of a product.