Concept of Revenue Notes PDF — CBSE Class 11

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.

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

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

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Frequently asked questions

Are these notes free?

Yes. The complete PDF is free to view online and download.

Who prepared these notes?

These CBSE Commerce revision notes are published by Smit Sir Commerce.