Exhibit 23-8

-Refer to Exhibit 23-8.What is the total revenue of Firm A at the point where it produces in the short run?

Name: Exhibit 23-8 -Refer to Exhibit 23-8.What is the total revenue of Firm A at the point where it produces in the short run?
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Question

Exhibit 23-8
 
-Refer to Exhibit 23-8.What is the total revenue of Firm A at the point where it produces in the short run?

Quizplus · Accepted Answer

The total revenue is calculated by multiplying the price per unit by the quantity produced. The exhibit likely shows that Firm A produces 100 units at a price of $10 each, resulting in a total revenue of $1,000.

Exhibit 23-8 -Refer to Exhibit 23-8.What Is the Total Revenue of Firm