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प्रश्न
Total Cost and Total Revenue.
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उत्तर
| Total Cost | Total Revenue | ||
| 1 | It refers to total cost incurred for production of a commodity. | 1 | It refers to the total amount of money received from sale. |
| 2 |
Total cost = Fixed cost + Variable cost.
|
2 | Total Revenue = Price x Quantity. |
| 3 | It increases with increase in output | 3 | It increases with increase in sale. |
| 4 | It shows total cost of producing a commodity. | 4 | It refers to the sale proceed received at a particular period of time. |
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