When price and quantity sold by a firm are multiplied, the result is called
A)marginal cost.
B)total costs.
C)marginal revenue.
D)average revenue.
E)total revenue.

Name: When price and quantity sold by a firm are multiplied, the result is called A)marginal cost. B)total costs. C)marginal revenue. D)average revenue. E)total revenue.
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Question

Quizplus · Accepted Answer

When price and quantity sold by a firm are multiplied, the result is called total revenue. This is calculated as price multiplied by quantity.

When Price and Quantity Sold by a Firm Are Multiplied