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Q: What is the formula for Revenue function?
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What is the marginal revenue formula from the demand function and how does it impact pricing strategies?

The marginal revenue formula from the demand function is the derivative of the total revenue function with respect to quantity. It is calculated by finding the change in total revenue when one additional unit is sold. Marginal revenue helps businesses determine the optimal level of production and pricing strategies by showing how changes in quantity sold affect revenue. It is used to maximize profits by setting prices based on the relationship between marginal revenue and marginal cost.


How can one determine the marginal revenue formula for a business?

To determine the marginal revenue formula for a business, you can calculate the change in total revenue when one additional unit of a product is sold. The formula for marginal revenue is MR TR/Q, where MR is marginal revenue, TR is the change in total revenue, and Q is the change in quantity sold. By analyzing the revenue data and applying this formula, businesses can determine their marginal revenue.


Definition of incremental revenue?

Incremental Revenue is the increase of revenue between a new revenue and a previous revenue, thus the formula: Incremental Revenue = New Revenue - Previous Revenue


What is the explanation for the function of Zanzibar Revenue Board?

to collect and account for revenue


What is the formula for finding revenue?

13+13


What is the formula to calculate profit?

A simple profit formula reconciles revenue to losses and expenses. Profit equals the total revenue subtracted by losses and expenses.


What is the formula to get the MR in economics?

Marginal Revenue (MR) = Change in Total Revenue / Change in Q


What is the formula for Net Operating Margin in Excel?

=(total revenue- total expenditures)/revenue. you get a percentage.


How do you find the monthly revenue function from demand function?

find montly revenue with demand euations x=400-50p+40q, y=200+60p-70q


What are four ways to add a function to a formula?

Type the formula directly in the cell or the formula. Use formula AutoComplete. Select a function from the Function Library group, or click the Insert Function button to select a function from the Insert Function dialog. Use AutoSum


What is the formula to calculate the gross margin?

The gross margin formula is gross profit divided by revenue. The gross profit and revenue amounts can be found by looking at a companies income statement.


What is the formula for RevPar?

Revenue per available room (RevPar) is calculated by dividing total room revenue by the total number of rooms available for sale. The formula is: RevPar = Total Room Revenue / Total Number of Available Rooms.