If the market price is $40, what is the average revenue of selling five units?
A)$8.
B)$20.
C)$40.
D)$200.

Question

Quizplus · Accepted Answer

Average revenue is the total revenue divided by the quantity of units sold. In this case, selling five units at a market price of $40 would result in a total revenue of $200 ($40 x 5). Dividing the total revenue by the quantity of units sold, we get an average revenue of $40. Therefore, the correct choice is C.

If the Market Price Is $40, What Is the Average