Florida girl's death brings to light tonsillectomy risks. September 23, 2010|By Lorri Helfand and Letitia Stein, St. Petersburg Times. The recent death of a seemingly healthy, 12-year-old Pinellas County girl following a tonsillectomy may have many parents worried about one of the most common surgical procedures performed in children.
In a perfectly competitive market price is equal to marginal revenue. Price will also equal average cost. If price was greater than average cost the firms in the market would be making profit. This would lead to more firms entering (remember no barriers to entry) until profits are eliminated.
Types/Kinds of Revenue: We have discussed earlier the various types of costs of a firm. Now the discussion will centre round the various types of revenue of a firm. Definition of Revenue: By 'revenue' of a firm is meant the total sale proceeds or the total receipts of a firm from the sale of the output. (i) Total Revenue, (ii) Marginal Revenue, (iii) Average Revenue.