Revenue and Cost Curves

Revenue and Its Derivations

Revenue and Cost Curves

Revenue and Its Derivations

  1. Revenue can be defined as the amount collected by a producer by selling his production.
Fixed & Variable Cost and Short & Long Run Cost

Revenue and Cost Curves

Fixed & Variable Cost and Short & Long Run Cost

  1. The expenses made for setting up the production plant are the fixed cost. 
  2. Va...}