REVENUE
Revenue refers to the amount received by a firm from the sale of a given quantity of a commodity in the market.
Total revenue
total revenue = price*quantity
Average revenue
average revenue = TR/quantity
Marginal revenue
Marginal revenue = neeche vaale TR se uppar vaale TR ko minus kar do
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If price remain constant AR is equal to MR
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When price fall and rise in output
AR decreases and MR decreases more faster
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general relationship b/w AR and MR
AR rises MR also rises
when AR is equal to MR. AR starting falling
After AR started falling Mr is less then AR
exam mai general relationship aaya to bina value likhe diagram banana
aur agar price remain contant mai to AR aur MR equal hote hai
aaur price decrease hota hai to AR aur MR fall karte hai bas MR jaada fall hota hai
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TR aur MR mai vaisa hi same relationship hai jaisa humne TU aur MU mai pada tha bas ek hi difference hai
TR increase MR decereases
TR is in maximum MR is at 0
TR started falling MR go on negative
(jab price decrease ho ra ho tab esa hoga)
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Break even point
When TR is equal to TC that point is break even point
Ar jab AR is equal to AC
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Shut down point
Shut down point refers to a situation when a firm is able to cover its variable cost
matlab company ke paas itna paisa nahi aaya profit mai ki vo total cost bhi nikal paaye usse
vo khali variable cost nikal paayi
Revenue refers to the amount received by a firm from the sale of a given quantity of a commodity in the market.
Total revenue
total revenue = price*quantity
Average revenue
average revenue = TR/quantity
Marginal revenue
Marginal revenue = neeche vaale TR se uppar vaale TR ko minus kar do
-----------------------------------------------------------------------------------------------------------------
If price remain constant AR is equal to MR
---------------------------------------------------------------------------------------------------------------------
When price fall and rise in output
AR decreases and MR decreases more faster
general relationship b/w AR and MR
AR rises MR also rises
when AR is equal to MR. AR starting falling
After AR started falling Mr is less then AR
exam mai general relationship aaya to bina value likhe diagram banana
aur agar price remain contant mai to AR aur MR equal hote hai
aaur price decrease hota hai to AR aur MR fall karte hai bas MR jaada fall hota hai
--------------------------------------------------------------------------------------------------
TR aur MR mai vaisa hi same relationship hai jaisa humne TU aur MU mai pada tha bas ek hi difference hai
TR increase MR decereases
TR is in maximum MR is at 0
TR started falling MR go on negative
-----------------------------------------------------------------------------------------------------------------
Break even point
When TR is equal to TC that point is break even point
Ar jab AR is equal to AC
--------------------------------------------------------------------------------------------------------
Shut down point
Shut down point refers to a situation when a firm is able to cover its variable cost
matlab company ke paas itna paisa nahi aaya profit mai ki vo total cost bhi nikal paaye usse
vo khali variable cost nikal paayi
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