examination rooms. Shouldice performs, on average, 150 operations per week, with patients typically staying at the hospital for three days. Although operations are performed only five days a week, the remainder of the hospital is in operation continuously to attend to recovering patients. An operation at Shouldice Hospital is performed by one of the 12 full-time surgeions. Surgeons generally take about one hour to perform each hernia opera tion, and they operate on four patients per day. The surgeonsâ day ends at 4 P.M. The Shouldice Experience Each patient undergoes a screening exam prior to setting a date for his or her operation. Patients in the Toronto area are encouraged to walk in for the diagnosis.
The average revenue is the total revenue divided by the quantity produced. For example, at a quantity of 120, the total revenue is $240. Therefore, the average revenue at this quantity is $240 divided by 120, or $2.ote that if the price is constant, then the average revenue and marginal revenues equal the price. Below is a table of a hypothetical firm, which has a choice of selling quantities ranging from 0 to 130. The product's price is constant at $2. Therefore, average and marginal revenue are $2, as well.
Revenue. Revenue is integral to a business to cover the costs of producing and selling its goods or services. Without it, profit would not exist. Calculate total revenue by multiplying the price per unit by the quantity sold. For example, if a company sells 100 light bulbs at $3 each, the total revenue is $300.or example, if a companyâs total revenue for selling light bulbs is $300 and its total cost to produce light bulbs is $50, its gross profit is $250.