-In Table 31.1a, what is total revenue when output is 300?

Name: -In Table 31.1a, what is total revenue when output is 300?
Brand: Quizplus
Rating: 4.8 (59 reviews)

Question

Quizplus · Accepted Answer

Total revenue is calculated by multiplying the price per unit by the quantity sold. If the price per unit remains constant, and 300 units are sold, and assuming the price per unit is $3 (a common assumption given the choices provided), then total revenue would be 300 units * $3/unit = $900.