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School: University of Toronto - Course: ECONMICS ECMB06 - Subject: Accounting

CHARTER = 8 Revenue Concept COMMERCE & ART CLASSES I-XI, XII, BA, B.COM Contact : 9899473673 Revenue Pawan Kr. (.Com, B.Com, M.Com.) (BRCC) - Z The money income which a produced get s from the Sale of his product is known as revenue of the firm It is also called sale proceeds of the Firm 7 Revenue of a firm are mo its money receipts consequent upon the sale of its product COMMERCE & ART CLASSES I-XI, XII, BA, B.COM F. Contact : 9809473673 Total Revenue . " Pawan Kr. (.Com. B.Com, M.Com.) (BRCC) - Total revenue refers to money receipts of a firm from the sale of it's tote output , It is estimated of the multiple of price & quantity of output TR = PXQ or we can lay Toted Revenue Is the Sum ay money Receip of a producer corresponding to a given level of out put marginal Revenue It is the additional revenue that a producer expects from the sale of one more unit of a commodity - OR The change in the total revenue which refeelts from the sale of one unit of a commodity

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