GBriscoe Posted May 16, 2009 Report Share Posted May 16, 2009 Would anybody be willing to explain how to graph total revenue using a supply and demand graph? I know it's under the demand curve, but that's about it.Thanks. Reply Link to post Share on other sites More sharing options...
deissi Posted May 17, 2009 Report Share Posted May 17, 2009 Total revenue = price x quantity. If you want to depict how it changes, here's how it goes:TR increases from quantity 0 to that quantity where PED = 1. After the point PED = 1, TR starts to decrease. This is because at the point PED = 1, MR = 0. Reply Link to post Share on other sites More sharing options...
9d9 Posted April 3, 2010 Report Share Posted April 3, 2010 guys please check out the sample bm ia's which i have submitted in the ibusurvival files.! it wuld be really helpfull.!! do check them out..!! Reply Link to post Share on other sites More sharing options...
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