Cost of Revenue

defines 'revenue'?

Total revenue minus the implicit and explicit costs of production is profit.

If sales revenue totals $84,000, selling price is $6 per unit, variable costs are $2.50 per unit and fixed costs are $48,000 per annum, the profit that will be earned is:Question 8Answera.$13,714b.$19,200c.$1,000d.$5,600

The profit maximizing level of output for the firm is whereSelected answer will be automatically saved. For keyboard navigation, press up/down arrow keys to select an answer.amarginal revenue exceeds marginal cost by the greatest possible amountbmarginal revenue equals marginal cost for the last unit produced.caverage revenue equals average total cost for the last unit produced.dmarginal revenue equals the minimum point of the average variable cost curve.

The table given below shows the price of the product according to the quantity of the product produced. Quantity Price 5 $156 $157 $15  In the above table, if the firm sells 5 units of output, its total revenue is $30$15$75$90