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 4 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 4 units?

Quizplus · Accepted Answer

The consumers are willing to pay $120 per unit of port wine. Therefore, the revenue from selling 1 unit of port wine will be $120. 
Total revenue from selling 4 units will be: 
$120 x 4 = $480. Hence, option D is the correct answer.

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