The amount that a firm receives from the sale of goods and services is:
A) total profit.
B) total revenue.
C) total cost.
D) total benefit.

Name: The amount that a firm receives from the sale of goods and services is: A) total profit. B) total revenue. C) total cost. D) total benefit.
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Question

Quizplus · Accepted Answer

Total revenue is the amount of money a firm receives from the sale of its goods and services before deducting any expenses. It is calculated by multiplying the price of each unit sold by the quantity of units sold.

The Amount That a Firm Receives from the Sale of Goods