HSC Commerce (Marketing and Salesmanship) 12th Board ExamMaharashtra State Board
Account
It's free!

User


Login
Create free account


      Forgot password?
Share
Notifications

View all notifications
Books Shortlist
Your shortlist is empty

Solution - Distinguish Between Total Cost and Total Revenue. - HSC Commerce (Marketing and Salesmanship) 12th Board Exam - Economics

Question

Total Cost and Total Revenue.

Solution

  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.
Is there an error in this question or solution?

APPEARS IN

 2015-2016 (March) (with solutions)
Question 3.1.2 | 2 marks

Video TutorialsVIEW ALL [1]

Solution for question: Distinguish Between Total Cost and Total Revenue. concept: Concept of National Income. For the courses HSC Commerce (Marketing and Salesmanship), HSC Science (Computer Science), HSC Science (Electronics), HSC Arts, HSC Science (General) , HSC Commerce
S