-Refer to Figure 9.1.A farmer produces 100 bushels of corn and sells each bushel at $5.The cost of producing each unit bushel is $2.This farmer's total revenue is

Name: -Refer to Figure 9.1.A farmer produces 100 bushels of corn and sells each bushel at $5.The cost of producing each unit bushel is $2.This farmer's total revenue is
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Question

Quizplus · Accepted Answer

Total revenue is calculated by multiplying the price per unit by the number of units sold. Here, it's $5 per bushel times 100 bushels, which equals $500.