Table 12-1
Table 12-1 lists the various pounds (lbs.)of apples that Margie Stattler can sell.Assume that Margie operates in a perfectly competitive market.
-Refer to Table 12-1.What is Margie's total revenue if she sells 250 pounds of apples?

Question

Table 12-1
  Table 12-1 lists the various pounds (lbs.)of apples that Margie Stattler can sell.Assume that Margie operates in a perfectly competitive market.
-Refer to Table 12-1.What is Margie's total revenue if she sells 250 pounds of apples?

Quizplus · Accepted Answer

Margie's total revenue can be calculated by multiplying the quantity of apples sold by the price per pound. Selling 250 pounds of apples, Margie would earn a total revenue of $750, since the price per pound is $3.

Table 12-1 Table 12-1 Lists the Various Pounds (Lbs.)of Apples