Use the following to answer question:
-(Figure: Demand for Notebook Computers)Use Figure: The Demand for Notebook Computers.Total revenue at point V equals the:
A)area 0TVN.
B)area 0PSVN.
C)distance 0T.
D)distance NV.

Question

Use the following to answer question: 
-(Figure: Demand for Notebook Computers)Use Figure: The Demand for Notebook Computers.Total revenue at point V equals the:
A)area 0TVN. 
B)area 0PSVN. 
C)distance 0T. 
D)distance NV.

Quizplus · Accepted Answer

Total revenue is calculated by multiplying the price by the quantity sold. At point V, the price is represented by the distance 0T, and the quantity is represented by the distance 0N. Therefore, the total revenue at point V is the area of the rectangle formed by these distances, which is area 0TVN.

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