What is revenue
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Revenue refers to the income that a company receives from its operations, also known as turnover. There are two main approaches for a firm to maximize profit: the total revenue-total cost approach, which involves setting price and quantity where total revenue exceeds total costs; and the marginal revenue-marginal cost approach, where profit is maximized when marginal revenue equals marginal costs. Using these approaches, a firm can determine the most profitable level of output to operate at by producing more when total or marginal revenue exceeds total or marginal costs, and reducing production when costs exceed revenues.
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Architecture that Advances Part I Review.pdfBrij Consulting, LLC
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The document outlines the Glass Institute Architecture Series, focusing on sustainable design, technological advancements, and the integration of glass systems in architecture, automotive, and urban development. It highlights educational programs, industry applications, and future visions for glass technology.
Key Points:
1. Educational Programs:
o Curriculum on glass system architecture and sustainable design.
o Paid internships with 2-year rotations.
o Labs for hands-on learning in testing, city portal dimensions, and performance reviews.
2. Course outline, Content ReviewThe Key Cultural Role of Punes Shivsrushti
The Key Cultural Role of Punes Shivsrushtikapoorgita1991
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Shivsrushti, a heritage park in Pune envisioned by Babasaheb Purandare, offers a powerful blend of immersive storytelling, historical accuracy, and civic education centered around the life and values of Chhatrapati Shivaji Maharaj. Through lifelike exhibits and recreated experiences, it brings history to life for people of all ages, encouraging reflection on leadership, inclusivity, and ethical governance. The Abhay Bhutada Foundation has played a pivotal role in expanding access to Shivsrushti by supporting educational visits for underprivileged students, ensuring that this cultural treasure is shared widely and meaningfully. More than a tribute to the past, Shivsrushti serves as a public model for how history can inspire civic pride and social unity in contemporary India.
Sathesh Murthy_ Mastering the Art of Communication for Business Success.pdf
Sathesh Murthy_ Mastering the Art of Communication for Business Success.pdfEnterprise world
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One such leader is Sathesh Murthy, Senior Vice President and General Manager at RingCentral India, who embodies these principles in his approach.Redefining Business Experiences: The Role of a Corporate Event Management Com...
Redefining Business Experiences: The Role of a Corporate Event Management Com...Be Executive Events
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Ad
What is revenue
- 1. WHAT IS REVENUE? Income side of a firm. Turn over Income that company receives. PROFIT MAXIMIZATION Process determine the price and output level returns the greatest profit.
- 2. TOTAL REVENUE TOTAL COST APPROACH TR = Price times Unit Sold TR = P x Q TR TC = Profit OPERATE OR SHUTDOWN RULE: In Short run : If TR > VC = Operate TR < VC = Shutdown
- 3. IN LONG RUN: All cost are Variable TC = VC OPERATE OR SHUTDOWN RULE: TR > TC = Produce More TR < TC = Stop Production TR = TC = Maintain Production
- 5. MARGINAL REVENUE MARGINAL COST APPROACH Marginal Revenue Additional Income. Marginal Cost Additional Cost. FIRM CAN DETERMINE PROFIT If MR > MC = Increased Production MR < MC = Do not Increase
- 6. MOST PROFITABLE OUTPUT OF AT WHICH: MR = MC Profit Maximization is Attained It is in the point where P = MC