If a firm charges $100 and consumers buy 10 units, the total revenue is:
A) $0
B) $100.
C) $1000.
D) not determinable from information provided.

Name: If a firm charges $100 and consumers buy 10 units, the total revenue is: A) $0 B) $100. C) $1000. D) not determinable from information provided.
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Question

Quizplus · Accepted Answer

Total revenue is calculated by multiplying the price per unit by the quantity sold. In this case, the price per unit is $100 and the quantity sold is 10 units. Therefore, the total revenue is $1000 (10 x $100).

If a Firm Charges $100 and Consumers Buy 10 Units