FIGURE 5-2

-Refer to Figure 5-2. With reference to Graph A, at a price of $5, what is total revenue equal to?
A) $200
B) $400
C) $500
D) $1000

Name: FIGURE 5-2 -Refer to Figure 5-2. With reference to Graph A, at a price of $5, what is total revenue equal to? A) $200 B) $400 C) $500 D) $1000
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Question

FIGURE 5-2
 
-Refer to Figure 5-2. With reference to Graph A, at a price of $5, what is total revenue equal to?
A) $200 
B) $400 
C) $500 
D) $1000

Quizplus · Accepted Answer

At a price of $5, the quantity sold is 100 units (as shown in Graph A) and therefore the total revenue is equal to ($5 x 100) = $500.

FIGURE 5-2 -Refer to Figure 5-2. with Reference to Graph A, at to Graph