Total revenue of a firm is

price ÷ quantity soldCorrect answerYour answerprice × quantity soldCorrect answerYour answertotal cost + profit onlyCorrect answerYour answerthe price of one unitCorrect answerYour answer

Show the answer and explanation

CorrectNot quiteAnswer B

Correct answer: B

TR = P × q: everything the firm receives from its sales.

Concept: Total revenue
Typical timeTypical: 40 s
Your timeYours: —

The rule this testsTotal, average and marginal revenue

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Ten questions from Revenue & Producer's Equilibrium, at your own pace.

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Ten questions from Revenue & Producer's Equilibrium, at your own pace.

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Total revenue of a firm is

Explanation