A firm's total revenue is equal to
A)total quantity produced times marginal cost.
B)total quantity produced times market price.
C)marginal revenue times total quantity produced.
D)market price divided by total quantity produced.

Question

Quizplus · Accepted Answer

Total revenue is the total amount of money a firm earns from selling its goods or services. It is calculated by multiplying the quantity of goods or services sold by the market price. Therefore, the correct answer is B.

A Firm's Total Revenue Is Equal to