If all units of a product are sold at the same price, then the firm's total revenue divided by the quantity demanded is equal to:

Question

Quizplus · Accepted Answer

If all units of a product are sold at the same price, then the firm's total revenue is simply the product of the price and the quantity demanded (TR = P x Q). Dividing this total revenue by the quantity demanded gives us the product's price. Therefore, option C is the correct answer.

If All Units of a Product Are Sold at the Same