Total revenue is
A)Price times income.
B)Quantity sold times price.
C)Equal to total profit.

Question

Quizplus · Accepted Answer

Total revenue is the amount of money a company receives from selling its products or services. It is calculated by multiplying the quantity of goods sold by their price. Therefore, the correct option is B, which is the product of quantity sold times price. A is incorrect because price times income would give the total amount of money an individual earns, not the total revenue of a company. C is incorrect because total revenue and total profit are two different concepts. Total profit is the amount of revenue left after deducting all expenses.

Total Revenue Is