-Refer to the above table. The table represents information on the costs for Ajax Corporation. Ajax operates in a perfectly competitive market and the price of the product is $9. What will be the value of total revenue when quantity sold equals 3?

Question

Quizplus · Accepted Answer

Total revenue is calculated by multiplying the price per unit by the quantity sold. Here, the price is $9 and the quantity sold is 3, so total revenue is $9 * 3 = $27.

-Refer to the Above Table