What is the formula for Revenue function?

The revenue function is typically represented as ( R(x) = p \times x ), where ( R(x) ) is the total revenue, ( p ) is the price per unit sold, and ( x ) is the quantity of units sold. This formula indicates that revenue is generated by multiplying the price of each unit by the number of units sold. In more complex scenariOS, the price ( p ) may depend on the quantity sold, leading to variations in the formula.