Total revenue is a term economists use to describe the
A) price the firm charges for its goods
B) money remaining after costs are paid
C) average profit earned per good sold
D) total profit earned by the firm
E) money the firm receives selling its goods

Question

Quizplus · Accepted Answer

Total revenue refers to the total amount of money a firm receives from selling its goods or services, not the profit, price per good, or any other financial metric.

Total Revenue Is a Term Economists Use to Describe the