Total revenue
A)can be calculated directly from the demand curve.
B)can be calculated directly from the average revenue curve.
C)is found by multiplying price times quantity.
D)All of the responses are correct.

Question

Quizplus · Accepted Answer

Total revenue is found by multiplying price times quantity, which is represented by the demand curve. It can also be calculated by finding the average revenue and multiplying it by the quantity sold, which is represented by the average revenue curve. Therefore, all of the responses are correct.

Total Revenue