Total revenue can be obtained by multiplying

Economics NECO 2003

Total revenue can be obtained by multiplying

  • price by quantity sold checkmark
  • averages revenue by the demand
  • marginal revenue by marginal cost
  • average revenue plus marginal revenue
  • average cost by variable cost

The correct answer is: A

Explanation

Total revenue can be obtained by multiplying the quantity of output sold by the market price of the product (P.Q)
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