35 The image features a graph illustrating supply and demand curves, labeled as "S" for supply and "D" for demand. The vertical axis represents Price, and the horizontal axis represents Quantity.The curves intersect at the equilibrium point, where supply equals demand. The area between the price levels and the supply curve is divided into four sections labeled as 'a', 'b', 'c', and 'd'.Below the graph, the text states:"In the provided graph, the equilibrium point in the market is where the S and D curves intersect. At equilibrium, the minimum acceptable total revenue that sellers would have been willing to receive is represented by the areab.a + b.b + c.c."This section likely refers to a multiple-choice question about which area on the graph represents the minimum acceptable total revenue for sellers.

Total revenue, alternatively referred to as gross revenue, is the sum of your recurring (MRR) and non-recurring revenue sources. In other words, it is the total revenue generated by your business from the sale of your products/services. For example, if you're a SaaS firm that offers monthly packages in addition to ad-hoc services such as consulting, your total revenue would be the sum of the monthly membership fees and consultation fees. Total revenue is often found at the top of an income statement before expenses are deducted.Calculating Total Revenue To determine total revenue, add all of your revenue sources together. Formula for Total Revenue MRR + revenue from non-recurring sources Here is an illustration. Assume you run a software-as-a-service company that sells accounting software. You get revenue from three sources: Subscriptions for your programme on a monthly basisTax preparation services on a case-by-case basisA financial management education course designed to teach corporations how to manage their finances Consider the following revenue breakdown over a four-month period where growth and churn are considered: revenue totalCORRECT OPTION C = B+C Reason: Area C represents the bare minimum revenue that sellers would have accepted. Because this area is below the supply curve until the equilibrium quantity is reached. Area B is the surplus produced by producers. The consumer surplus is classified as Area A.

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Economics

a Quantity In the provided graph, the equilibrium point in the market is where the S and D curves intersect. At equilibrium, the minimum acceptable total revenue that sellers would have been willing to receive is represented by the area b. a + b. b + c. C. Price

a Quantity In the provided graph, the equilibrium point in the market is where the S and D curves intersect. At equilibrium, the minimum acceptable total revenue that sellers would have been willing to receive is represented by the area b. a + b. b + c. C. Price

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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