Exhibit 4-C
-Refer to Exhibit 4-C.With reference to Graph A, at a price of $10, total revenue equals:
A)$200.
B)$400.
C)$500.
D)$1,000.

Name: Exhibit 4-C -Refer to Exhibit 4-C.With reference to Graph A, at a price of $10, total revenue equals: A)$200. B)$400. C)$500. D)$1,000.
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Question

Exhibit 4-C 
-Refer to Exhibit 4-C.With reference to Graph A, at a price of $10, total revenue equals:
A)$200. 
B)$400. 
C)$500. 
D)$1,000.

Quizplus · Accepted Answer

Total revenue is calculated by multiplying price by quantity. If the price is $10 and the quantity is 40 (as inferred from the total revenue of $400), then total revenue equals $400.

Exhibit 4-C -Refer to Exhibit 4-C.With Reference to Graph A, at a A