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प्रश्न
Distinguish Between
Total cost and Total revenue
उत्तर
| Sr. No. | Total Cost | Total Revenue |
| 1. | Total cost is the total amount incurred by a firm on the factors of production. | Total revenue is the total sales proceeds of a firm by selling a commodity at a given price. |
| 2. | It is total expenditure of the firm. | It is the total income of the firm. |
| 3. | Total Cost (TC) = Total Fixed Cost (TFC) + Total Variable Cost (TVC) | Total Revenue (TR) = Price x Quantity |
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संबंधित प्रश्न
Give economic terms:
The cost incurred on fixed factor.
Give economic terms:
The cost incurred per unit of output.
Give economic term:
Net addition made to the total cost of production.
Explain the concept of total cost and total revenue.
Give economic term:
Net addition made to the total cost by producing one more unit of output.
Find the odd word
Cost concepts -
Net addition made to total cost by producing one more unit of output is ______.
The cost incurred by the firm to promote sales ______
Give an economic term:
The cost incurred on raw material.
Identify and explain the concept from the given illustration:
Hritik paid an additional cost of ₹75 for manufacturing an additional unit of glassware.
Define the term 'cost'.
What is meant by research and development costs?
