Economics A-Level
Total revenue
What Total revenue means in Economics A-Level, as defined for AQA.
Definitions of Total revenue
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Reference: AQA
The total income a firm receives from selling a given quantity of output, calculated by multiplying price by quantity.
The total income a firm receives from selling a given quantity of goods, calculated as price multiplied by quantity.
The total income generated from selling goods or services, found by multiplying price by quantity sold.
Topics that use Total revenue
- Marginal, average and total revenue (AQA A-Level)
- Profit (AQA A-Level)
Related terms
- Average revenue
- Economic profit
- Graphical analysis
- Marginal revenue
- Market structures
- Normal profit
- Price elasticity of demand
- Profit maximisation
Using Total revenue in the exam
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