1) Revenue is equal to the number of units sold times the price per unit.

To obtain the revenue function, multiply the output level by the price function.

## What is the formula for the revenue function?

revenue function (the product of the price per unit times the number of units sold; R = P × Q) will be R = $1.5 Q, where R is the revenue and Q is the number of units sold.

## How do you find the maximum revenue of a function?

Maximum Revenue 4.3 –

## How do you find the revenue function from the demand equation?

Finding a Revenue Function from a Linear Demand Function

## What is the formula of total revenue?

Total revenue is calculated with this formula: TR = P * Q, or Total Revenue = Price * Quantity.

## What is the total revenue function?

From Wikipedia, the free encyclopedia. Total revenue is the total receipts a seller can obtain from selling goods or services to buyers. It can be written as P × Q, which is the price of the goods multiplied by the quantity of the sold goods.

## How do you solve maximum revenue problems?

Maximizing Revenue Word Problem (Completing the Square