A firm's total revenue can be determined by
A)Price times quantity.
B)Profits minus costs.
C)Total costs minus variable costs.
D)Fixed costs minus quantity.

Question

Quizplus · Accepted Answer

Total revenue is determined by multiplying the price of a product or service by the quantity sold. This calculation gives the total amount of money a firm earns from its sales. Therefore, choice A is the correct answer.

A Firm's Total Revenue Can Be Determined by