Table 14-2
The following table presents cost and revenue information for Soper's Port Vineyard.

-Refer to Table 14-2.Consumers are willing to pay $120 per unit of port wine.What is the total revenue from selling 7 units?

Question

Table 14-2
The following table presents cost and revenue information for Soper's Port Vineyard.
 
-Refer to Table 14-2.Consumers are willing to pay $120 per unit of port wine.What is the total revenue from selling 7 units?

Quizplus · Accepted Answer

Total revenue is calculated by multiplying the price per unit by the number of units sold. Therefore, $120 per unit times 7 units equals $840.

Table 14-2 The Following Table Presents Cost and Revenue Information for Soper's