Total revenue is computed as:
A) the product price times the quantity.
B) the product cost times the quantity.
C) the product price minus the product cost.
D) the product marginal cost times the price.

Question

Quizplus · Accepted Answer

Total revenue is the total amount of money earned by selling a product. It is calculated by multiplying the unit price of the product by the quantity sold. Therefore, the correct answer is A, which is "the product price times the quantity."

Total Revenue Is Computed As