Exhibit 4-C
-Refer to Exhibit 4-C.With reference to Graph B, at a price of $5, total revenue equals:
A)$200.
B)$300.
C)$250.
D)$150.

Name: Exhibit 4-C -Refer to Exhibit 4-C.With reference to Graph B, at a price of $5, total revenue equals: A)$200. B)$300. C)$250. D)$150.
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Question

Exhibit 4-C 
-Refer to Exhibit 4-C.With reference to Graph B, at a price of $5, total revenue equals:
A)$200. 
B)$300. 
C)$250. 
D)$150.

Quizplus · Accepted Answer

Total revenue is equal to price multiplied by quantity. At a price of $5, the quantity demanded is 40 units. Therefore, total revenue is $5 * 40 = $200.

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