The total revenue is the
A) (change in price) × (change in output)
B) (price) × (change in output)
C) (change in price) × (output)
D) (price) × (output)
E) (change in marginal revenue) × (price)

Name: The total revenue is the A) (change in price) × (change in output) B) (price) × (change in output) C) (change in price) × (output) D) (price) × (output) E) (change in marginal revenue) × (price)
Brand: Quizplus
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Question

Quizplus · Accepted Answer

Total revenue is calculated by multiplying the price of the good by the quantity (or output) sold.

The Total Revenue Is the