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TOTAL REVENUE CURVE: A curve that graphically represents the relation between total revenue received by a firm for selling its output and the quantity of output sold. It is used with the firm's total cost curve to determine economic profit. The marginal revenue curve, a key factor for determining the profit-maximizing level of a firm's output, is derived directly from the total revenue curve. This curve is constructed to capture the relation between total revenue and the level of output, holding other variables constant.
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                           NONDURABLE GOODS, CONSUMPTION: Personal consumption expenditures on tangible goods that tend to last for less than a year. Common examples are food, clothing, and gasoline. This is one of three categories of personal consumption expenditures in the National Income and Product Accounts maintained by the Bureau of Economic Analysis. The other two are durable goods and services. Nondurable goods are about 30 percent of personal consumption expenditures and 20 percent of gross domestic product. Nondurable goods are consumption goods purchased by the household sector that generally have a useful, satisfaction-providing existence of shorter than a year. Household expenditures on nondurable goods are generally unaffected by business cycles. In good times and bad, the household sector continues to purchase nondurable goods at a relatively constant pace.The three main subcategories of nondurable goods in the National Income and Product Accounts are "food," "clothing and shoes," and "gasoline and oil." Food, as might be expected is half of the nondurable goods expenditures. Clothing and shoes constitute about 18 percent and gasoline and oil comes in at about 7 percent of nondurable goods expenditures. The remaining 25 percent of nondurable goods purchased by the household sector includes "fuel oil and coal" (less than 1 percent) and a handy catch-all "other" category (which is the bulk of the remaining 25 percent). These categories are straightforward and do not require much explanation. The "food" entry is obviously food, "clothing and shoes" is, well, clothing and shoes, and "gasoline and oil" is gasoline and oil. The "other" category includes any nondurable good not classified elsewhere, including such things as pencils, newspapers, shampoo, and plastic picnic spoons.
Recommended Citation:NONDURABLE GOODS, CONSUMPTION, AmosWEB Encyclonomic WEB*pedia, http://www.AmosWEB.com, AmosWEB LLC, 2000-2026. [Accessed: May 17, 2026].
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Today, you are likely to spend a great deal of time at a dollar discount store wanting to buy either shoe laces for your snow boots or a rim for your spare tire. Be on the lookout for empty parking spaces that appear to be near the entrance to a store.
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The Dow Jones family of stock market price indexes began with a simple average of 11 stock prices in 1884.
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"Try not to become a man of success but rather to become a man of value. " -- Albert Einstein
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Tokyo Stock Exchange
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