Total revenue is equal to
A) the change in price resulting from a one-unit increase in quantity sold.
B) the amount people will buy at a given price.
C) the change in the quantity sold when you change the price by one unit.
D) price multiplied by the quantity sold.
E) the price at which the good or service is sold.

Question

Quizplus · Accepted Answer

Total revenue is defined as the amount of money a company earns from selling its products or services. It is calculated by multiplying the price of the good or service by the quantity sold. Therefore, the correct answer is D) price multiplied by the quantity sold.

Total Revenue Is Equal to