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A formula or equation representing the way in which particular items of income behave when plotted on a graph. For example, the most common revenue function is that for total revenue in the equation y = bx, where y is the total revenue, b is the selling price per unit of sales, and x is the number of units sold.
Subjects:Social sciences — Business and Management
Reference entries
revenue function
in A Dictionary of Accounting(4)Length: 62 words
