The change in total revenue from a one−unit increase in the quantity sold.
Total revenue is the overall sum of money received by a business through the sale of its products and services. Based on demand and price, it measures how successfully a company is generating revenue from its main operations. The formula to determine your company's revenue is to multiply the total number of goods or services sold by their respective prices.
You should be aware that "revenue" refers to the whole amount of money a company makes before deducting any expenses when comparing revenue and income. On the other hand, "income" is determined by deducting corporate expenses like depreciation, interest, taxes, and other charges from revenues.
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