Total revenue is equal to quantity multiplied by average revenue.
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Q9: Total revenue cannot be derived from the
Q10: Economists and accountants have very different definitions
Q11: The average revenue curve can also be
Q12: Accounting profit differs from economic profit by
Q13: A firm's total profit is the difference
Q15: Average revenue is slightly higher than price.
Q16: Over the range of most of a
Q17: A firm's total revenue is simply the
Q18: Once a firm has selected a price
Q19: Accounting profit is usually larger than economic
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