Free CBSE Class 11 Microeconomics Chapter 9 Concept of Revenue Notes PDF

Concept of Revenue explains a firm’s receipts from selling output. The chapter develops total, average and marginal revenue schedules and compares their behaviour under perfect competition and imperfect competition.

Board: CBSE · Class: 11 · Updated: 2026-08-31 · Access: Free, no registration

Important topics covered

Total, average and marginal revenue
Revenue schedules and calculations
AR as the firm’s demand curve
Revenue under perfect competition
Revenue under imperfect competition

Exam-focused revision checklist

Calculate TR, AR and MR from incomplete schedules.
Explain why AR equals MR under a constant price.
Connect the slope of AR with the position of MR.

Important questions with answer guidance

What should students explain about Total, average and marginal revenue?

Total, average and marginal revenue is an important part of Concept of Revenue. Begin with its meaning, explain the main elements or relationship clearly, and support the answer with an example, schedule or diagram wherever the chapter requires it. Calculate TR, AR and MR from incomplete schedules.

What should students explain about Revenue schedules and calculations?

Revenue schedules and calculations is an important part of Concept of Revenue. Begin with its meaning, explain the main elements or relationship clearly, and support the answer with an example, schedule or diagram wherever the chapter requires it. Explain why AR equals MR under a constant price.

What should students explain about AR as the firm’s demand curve?

AR as the firm’s demand curve is an important part of Concept of Revenue. Begin with its meaning, explain the main elements or relationship clearly, and support the answer with an example, schedule or diagram wherever the chapter requires it. Connect the slope of AR with the position of MR.

What should students explain about Revenue under perfect competition?

Revenue under perfect competition is an important part of Concept of Revenue. Begin with its meaning, explain the main elements or relationship clearly, and support the answer with an example, schedule or diagram wherever the chapter requires it. Calculate TR, AR and MR from incomplete schedules.

Chapter MCQs with answers

MCQ 1: Which of the following is directly covered in Chapter 9: Concept of Revenue?

Meaning and scope of economics
Total, average and marginal revenue
What, how and for whom to produce
Meaning and measurement of utility

Answer: B. Total, average and marginal revenue is one of the core topics covered in this chapter.

MCQ 2: Which of the following is directly covered in Chapter 9: Concept of Revenue?

Production possibility curve and schedule
Total utility and marginal utility relationship
Revenue schedules and calculations
Indifference curve and indifference map

Answer: C. Revenue schedules and calculations is one of the core topics covered in this chapter.

MCQ 3: Which of the following is directly covered in Chapter 9: Concept of Revenue?

Law of diminishing marginal utility
Properties of indifference curves
Law of demand and its assumptions
AR as the firm’s demand curve

Answer: D. AR as the firm’s demand curve is one of the core topics covered in this chapter.

MCQ 4: Which of the following is directly covered in Chapter 9: Concept of Revenue?

Revenue under perfect competition
Budget set and budget line
Movement along and shift of the demand curve
Geometric or point method

Answer: A. Revenue under perfect competition is one of the core topics covered in this chapter.

Download Concept of Revenue notes PDF for CBSE Class 11 Microeconomics

Use the complete chapter PDF for school tests, board-exam revision and concept review. View or download the free Concept of Revenue notes PDF.

Why you can trust this study resource

This chapter-specific resource is organised by Smit Sir for Class 11 Commerce students. It is free to view and download and should be used alongside NCERT questions and the latest official CBSE sample papers.

Frequently asked questions

Are these Concept of Revenue notes free?

Yes. The complete CBSE Class 11 chapter PDF can be viewed online or downloaded without payment or registration.

What is covered in Chapter 9?

The notes cover Total, average and marginal revenue, Revenue schedules and calculations, AR as the firm’s demand curve and the other important concepts listed on this page.

How should I use these notes for CBSE exam revision?

Start with the overview, revise each key topic, read the complete PDF and finish with the exam checklist, important questions and MCQs. Also practise NCERT questions and the latest official CBSE sample papers.

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Free calculators for Concept of Revenue

Use these calculators to check the formula and step-by-step working after solving the numerical yourself.

Total Revenue, Average Revenue and Marginal Revenue Calculator — TR = P × Q; AR = TR ÷ Q; MR = ΔTR ÷ ΔQ

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