# Total Revenue

*… a core term used in Economic Analysis and Atlas102*

### Definition

Wikipedia (reference below) defines total revenue as the total receipts of a firm from the sale of some given quantities of a product.

Wikipedia goes on to say:

“It can be calculated as the selling price of the firm’s product times the quantity sold, i.e. total revenue = price × quantity, or letting TR be the total revenue function: TR(Q) = P(Q) x Q, where Q is the quantity of output sold, and P(Q) is the inverse demand function (the demand function solved out for price in terms of quantity demanded).”

**Atlas topic, subject, and course**

Producer Theory and Competition (core topic) in Economic Analysis and Atlas102 Economic Analysis.

###### Sources

Wikipedia, Total revenue, at https://en.wikipedia.org/wiki/Total_revenue, accessed 7 May 2016.

**Page created by:** Ian Clark, last modified 7 May 2016.