-In Figure 24.1,total revenue is represented by the area
A)ABFE.
B)CDFE.
C)ABGHE.

Name: -In Figure 24.1,total revenue is represented by the area A)ABFE. B)CDFE. C)ABGHE.
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Question

-In Figure 24.1,total revenue is represented by the area
A)ABFE. 
B)CDFE. 
C)ABGHE.

Quizplus · Accepted Answer

Total revenue is the area under the demand curve and above the price line. In Figure 24.1, this area is represented by the triangle ABFE.