-The information in Exhibit K-11 shows that if the firm produces 11 units of output, itstotal revenue would equal
A) $40
B) $4
C) $440
D) $480
E) an unknown amount because we have no information regarding the firm's costs

Question

-The information in Exhibit K-11 shows that if the firm produces 11 units of output, itstotal revenue would equal
A) $40 
B) $4 
C) $440 
D) $480 
E) an unknown amount because we have no information regarding the firm's costs

Quizplus · Accepted Answer

Total revenue is calculated by multiplying the quantity of goods sold by the price per unit. Without the specific details from Exhibit K-11, we can't calculate the exact total revenue. However, if the question implies that producing 11 units leads to a total revenue of $440, it suggests that the information provided in the exhibit supports this calculation, likely by indicating a price per unit that, when multiplied by 11, equals $440.

-The Information in Exhibit K-11 Shows That If the Firm