Table 8.4
$\begin{array}{cc}
\begin{array}{c}
\text { Quantity } \
\text { of Output }
\end{array} & \text { Market Price (\$) } \
\hline 0 & 0 \
10 & 5 \
20 & 5 \
30 & 5 \
40 & 5 \
50 & 5
\end{array}$
-Refer to Table 8.4,which shows the output supplied by a firm and its total revenue.What is total revenue (TR)when the quantity of output is 10 units?

Question

Table 8.4
 $\begin{array}{cc}
\begin{array}{c}
\text { Quantity } \
\text { of Output }
\end{array} & \text { Market Price (\$) } \
\hline 0 & 0 \
10 & 5 \
20 & 5 \
30 & 5 \
40 & 5 \
50 & 5
\end{array}$
-Refer to Table 8.4,which shows the output supplied by a firm and its total revenue.What is total revenue (TR)when the quantity of output is 10 units?

Quizplus · Accepted Answer

Total revenue (TR) is calculated by multiplying the quantity of output by the market price. At 10 units, TR = 10 units * $5 = $50.

Table 84 -Refer to Table 8