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Price and total revenue have a negative relationship when demand is elastic (price elasticity > 1), which means that increases in price will lead to decreases in total revenue. Price changes will not affect total revenue when the demand is unit elastic (price elasticity = 1). Maximum total revenue is achieved where the elasticity of demand is 1.
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Pliny's Panegyricus model is familiar to the authors of panegyrics 5, 6, 7, [18] 11, and especially 10, in which there are several verbal likenesses. Sallust's Bellum Catilinae is echoed in the panegyrics 10 and 12, and his Jugurthine War in 6, 5, and 12. [19] Livy seems to have been of some use in panegyric 12 [20] and Panegyric 8. [21]
Revenue" may refer to income in general, or it may refer to the amount, in a monetary unit, earned during a period of time, as in "Last year, company X had revenue of $42 million". Profits or net income generally imply total revenue minus total expenses in a given period.
Title page of the Panegyric of Leonardo Loredan (1503), created in honour of Leonardo Loredan, 75th Doge of Venice, now in the Walters Art Museum in Baltimore. A panegyric (US: / ˌ p æ n ɪ ˈ dʒ ɪ r ɪ k / or UK: / ˌ p æ n ɪ ˈ dʒ aɪ r ɪ k /) is a formal public speech or written verse, delivered in high praise of a person or thing. [1]
Market share is the percentage of the total revenue or sales in a market that a company's business makes up. For example, if there are 50,000 units sold per year in a given industry, a company whose sales were 5,000 of those units would have a 10 percent share in that market.
, for each asset or revenue account, transaction, etc. Materiality, if quantified in any of the above ways, is a function of company size as measured by assets and revenues: the larger the company, the larger materiality limit. Using different means to quantify materiality causes inconsistency in materiality thresholds.
The revenue-equivalence theorem breaks in some important cases: [1]: 238–239 When the players are risk-averse rather than risk-neutral as assumed above. In this case, it is known that first-price auctions generate more revenue than second-price auctions.