g what does the blue shaded area (labeled a) represent? group of answer choices profit loss total revenue total cost

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16-12-2022
Business

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g what does the blue shaded area (labeled a) represent? group of answer choices profit loss total revenue total cost

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Tutorconsortium437 Tutorconsortium437 · Answer 1 · 2022-12-24T12:13:01+01:00

The lighter-shaded rectangle, which has amount on the horizontal line and marginal production costs on the vertical line, represents the firm's total costs.

What does the word "revenue" mean?

Revenue, which is determined by dividing the average retail price by the quantity of units sold, is the money made from regular business operations. The power play (or gross income) number is what is used to calculate net revenue by reducing costs. Purchases are yet another name of revenue in the income statement.

What are some instances of income?

Revenues are frequently substituted with the word income. Sales, service revenues, earned fees, interest revenue, and interest income are a few examples of revenue accounts. Revenue accounts typically contain outstanding debt because they are credited whenever services are rendered and billed.

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