Total Revenue

Total revenue is the total receipts of a firm from the sale of any given quantity of a product.

It can be calculated as the selling price of the firm's product times the quantity sold, i.e. total revenue = price × quantity, or letting TR be the total revenue function:

where Q is the quantity of output sold, and P(Q) is the inverse demand function (the demand function solved out for price in terms of quantity demanded).

Other articles related to "total, revenue, total revenue":

Demand (economics) - Inverse Demand Function
... demand function is useful in deriving the total and marginal revenue functions ... Total revenue equals price, P, times quantity, Q, or TR = P×Q ... the inverse demand function by Q to derive the total revenue function TR = (120 -.5Q) × Q = 120Q - 0.5Q² ...
Total Revenue Test
... In economics, the Total Revenue Test is a means for determining whether demand is elastic or inelastic ... If an increase in price causes an increase in total revenue, then demand can be said to be inelastic, since the increase in price does not have a large impact on quantity demanded ... If an increase in price causes a decrease in total revenue, then demand can be said to be elastic, since the increase in price has a large impact on ...
Downtown (Nevada Gaming Area) - 9–11 Crash and Recovery
... For Downtown Las Vegas, the total revenue dropped after September 11 attacks in 2001 as it did in most resort areas including the Strip ... Total revenue includes all sources of revenue for the property (food, drinks, attractions, etc.) ... Unlike the strip, income remained slightly positive, but revenue did not recover for three years ...
Downtown (Nevada Gaming Area) - Revenue Since July 1, 2006
... June 30, 2006) set all time records for downtown Las Vegas in terms of total revenue gaming and non-gaming ... Revenue in FY2007 and FY2008 dropped ... Boyd Gaming reported their year end revenue on February 26, 2009 ...

Famous quotes containing the words revenue and/or total:

    Happy are those who find wisdom, and those who get understanding, for her income is better than silver, and her revenue better than gold. She is more precious than jewels, and nothing you desire can compare with her. Long life is in her right hand; in her left hand are riches and honor. Her ways are ways of pleasantness, and all her paths are peace. She is a tree of life to those who lay hold of her; those who hold her fast are called happy.
    Bible: Hebrew, Proverbs 3:13-18.

    Both the man of science and the man of art live always at the edge of mystery, surrounded by it. Both, as a measure of their creation, have always had to do with the harmonization of what is new with what is familiar, with the balance between novelty and synthesis, with the struggle to make partial order in total chaos.... This cannot be an easy life.
    J. Robert Oppenheimer (1904–1967)