Total revenue is:
A)the amount that a firm spends on all inputs that go into producing a good or service.
B)the quantity sold multiplied by the price paid for each unit.
C)the quantity produced multiplied by the cost of producing each unit.
D)the amount that an individual gets paid over a specified period of time, typically annually.

Question

Quizplus · Accepted Answer

Total revenue is calculated by multiplying the quantity of goods or services sold by the price paid for each unit. This gives the total amount of money brought in from sales.

Total Revenue Is