00:01
Hello, so i'm going to answer your question about how to calculate revenues based on the price and quantity salt.
00:09
For doing so, first i sketch the general formula that is here.
00:14
So as you can see, price would be the price that pay by each good, and q would be the quantity that you sell for each good.
00:25
The idea is that with this variable, you are able to pass all the units in one, that is money or revenue.
00:31
So for example, if you have, sorry, that symbol sign, so the days that you have another good that, let's say you are selling apples and peers, then you will have the revenues come from apples and then you do the same process.
00:49
So p times q in this case for peers, then you will also have money...