Revenue functions and curves

Revenue functions and curves

Bachelor of Business Studies (BBS) — First Year

Subject: Microeconomics for Business (MGT 207)

Unit 6: Cost and Revenue Curves

Academic Year: 2083/84

Topic Objectives

After studying this topic, students should be able to:

• Explain the scope and key elements of revenue functions and curves.
• Explain the economic reasoning and use appropriate diagrams or relationships in business analysis.

Curriculum Scope

• Revenue function
• Curves under perfect and imperfect competition
• Average and marginal revenue relationship
• Demand price elasticity and revenue relationship

Detailed Microsyllabus

1. Revenue functions

   1. Total, average and marginal revenue.
   2. Revenue schedules and curve construction.
   3. Price and average revenue.

2. Market and elasticity relationships

   1. Revenue curves under perfect and imperfect competition.
   2. Relationship between average and marginal revenue.
   3. Connect demand elasticity with total and marginal revenue.

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Curriculum reference: Tribhuvan University, Faculty of Management, BBS curriculum with first-year syllabus, PDF pages 17-19.

Source note: The curriculum scope above is retained from the existing TU syllabus breakdown. The numbered study subtopics are editorial elaborations for teaching and study, rather than a separately issued TU syllabus. Unit lecture hours apply to the whole unit; no separate topic hours or marks are assigned here. The programme subject list identifies this course as MGT 207; the detailed subject heading in the source prints MGT 203.