The price of a good multiplied by the quantity sold equals:

Question

Quizplus · Accepted Answer

The price of a good multiplied by the quantity sold equals total revenue. Total revenue is the total amount of money generated from the sale of a good or service, and is calculated by multiplying the price of the good by the quantity sold. Total profit is the total revenue minus total cost, and is not the correct answer. Marginal revenue is the additional revenue generated from selling one additional unit of a good, and is not the correct answer. Marginal cost is the additional cost incurred from producing one additional unit of a good, and is not the correct answer.

The Price of a Good Multiplied by the Quantity Sold