Total revenue is calculated from the total profit obtained from selling a good. To determine this, the income and cost of production is combined.

From this total revenue, companies can determine how to maximize their revenue by minimizing production costs but increasing their production amounts.

Total revenue is the total money received from the sale of any given quantity of output.

On a graph of supply and demand for a certain good, total revenue is represented by a rectangle bounded by the x-axis, the y-axis, the price of the good, and the quantity of the good sold.Supply and demand

Can be determined by the following equation: total revenue = price X quantity

Ad blocker interference detected!

Wikia is a free-to-use site that makes money from advertising. We have a modified experience for viewers using ad blockers

Wikia is not accessible if you’ve made further modifications. Remove the custom ad blocker rule(s) and the page will load as expected.