Which of the following would be a likely mathematical expression for Total Revenue?
A)Total Revenue = Production Volume + Revenue per Unit
B)Total Revenue = Profit - Production Volume × Revenue per Unit
C)Total Revenue = Production Volume × Revenue per Unit
D)Total Revenue = Total Variable Cost + Production Volume + Revenue per Unit

Question

Which of the following would be a likely mathematical expression for Total Revenue? ​ 
A)Total Revenue = Production Volume + Revenue per Unit 
B)Total Revenue = Profit - Production Volume × Revenue per Unit 
C)Total Revenue = Production Volume × Revenue per Unit 
D)Total Revenue = Total Variable Cost + Production Volume + Revenue per Unit

Quizplus · Accepted Answer

Total Revenue is typically calculated as the product of the quantity of goods or services sold (Production Volume) and the price at which they are sold (Revenue per Unit), therefore the mathematical expression for Total Revenue would be C: Total Revenue = Production Volume × Revenue per Unit.

Which of the Following Would Be a Likely Mathematical Expression