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  • 2.1: Revenue, Cost, and Profit
    https://socialsci.libretexts.org/Bookshelves/Economics/Managerial_Economics_Principles_(LibreTexts)/02%3A_Key_Measures_and_Relationships/2.01%3A_Revenue_Cost_and_Profit
    Most businesses sell something—either a physical commodity like an ice cream bar or a service like a car repair. In a modern economy, that sale is made in return for money or at least is evaluated in ...Most businesses sell something—either a physical commodity like an ice cream bar or a service like a car repair. In a modern economy, that sale is made in return for money or at least is evaluated in monetary terms.
  • 10.2: Production Decisions in Perfect Competition
    https://socialsci.libretexts.org/Bookshelves/Economics/Economics_(Boundless)/10%3A_Competitive_Markets/10.2%3A_Production_Decisions_in_Perfect_Competition
    Output is the amount of a good produced; revenue is the amount of income made from sales minus all business expenses.
  • 11.5: Price Discrimination
    https://socialsci.libretexts.org/Bookshelves/Economics/Economics_(Boundless)/11%3A_Monopoly/11.5%3A_Price_Discrimination
    In a competitive market, price discrimination occurs when identical goods and services are sold at different prices by the same provider.

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