Total revenue can be defined as:
A)the amount that a firm receives from the sale of goods and services.
B)the amount that a firm spends on all inputs that go into making a good or service.
C)the sum of total costs and total sales.
D)the amount that an individual can spend on disposable goods and services.

Question

Quizplus · Accepted Answer

Total revenue refers to the total amount of money a firm receives from the sale of its goods and services. It does not include the expenses or costs involved in producing those goods or services.

Total Revenue Can Be Defined As