Total revenue is
A) price × quantity.
B) change in price × change in quantity.
C) change in price × quantity.
D) price × change in quantity.

Question

Quizplus · Accepted Answer

Total revenue is the amount of money a company generates from selling its goods or services. It is calculated by multiplying the price of the commodity by the quantity sold. Thus, the correct formula for total revenue is Price × Quantity (A). The remaining options are not the correct methods for calculating total revenue.

Total Revenue Is