Total revenue equals
A) price multiplied by quantity sold.
B) total cost minus profit.
C) the area between the demand curve and the marginal revenue curve.
D) marginal revenue multiplied by quantity sold.

Question

Quizplus · Accepted Answer

Total revenue is calculated by multiplying the price of a good or service by the quantity sold. This is a basic principle in economics that defines how much income a firm generates from selling its products.

Total Revenue Equals