Total revenue refers to
A) the profit made from selling a product or service.
B) the net gain in sales revenue if the unit price is lowered.
C) the least number of units sold needed to cover product, distribution, and promotional costs.
D) the amount by which marginal costs exceed fixed costs.
E) the total money received from the sale of a product.

Question

Quizplus · Accepted Answer

Total revenue refers to the total amount of money received from the sale of a product or service. It is calculated by multiplying the unit price by the total number of units sold. It does not take into account the costs associated with producing or distributing the product.

Total Revenue Refers to