Final answer:
Total revenue from John Grisham's most recent novel would be calculated by multiplying the number of copies sold by the selling price. As Grisham is a popular author, the revenue is likely significant, but without specific data on sales figures or book price, we can't provide an exact number.
Step-by-step explanation:
The question pertains to the total revenue realized from the sales of John Grisham's most recent novel. When referencing total revenue, it refers to the income a firm generates from selling its products, which in the context of an author like John Grisham would be the aggregate sales from his book.
To calculate this, one would multiply the retail price of the book by the number of units sold (Total Revenue = Price x Quantity). However, without specific data on the price of the book and the quantity sold, we cannot provide an exact figure. Notably, famous authors can receive significant advances against sales, as seen in the cases of President Bill Clinton and President Bush, who received multimillion-dollar advances for their memoirs. In the publishing industry, where many books do not earn back their advances, the success of a novel significantly depends on the author's fame and readership.
John Grisham, being a well-known and established author, likely enjoys higher sales volumes and potentially large advances, contributing to a substantial total revenue figure. Furthermore, if a book is used in educational settings, such as college classrooms, it may imply a steady demand contributing to its financial success.