Multiple Choice
Total revenue is:
A) total sales less total cost.
B) the price of a good times the quantity of the good that is sold.
C) the price effect times the quantity effect.
D) the price of a good divided by the amount of the good sold.
Correct Answer:
Verified
Correct Answer:
Verified
Related Questions
Q153: If total revenue goes down when the
Q154: There is NO total revenue test for
Q155: When the percentage change in quantity demanded
Q156: Since for most people,eating in restaurants is
Q157: Use the following to answer question: <img
Q159: If you know the cross-price elasticity between
Q160: Jessica's income increased by 10% this year.In
Q161: If the absolute value of the price
Q162: If two goods are substitutes,their cross-price elasticity
Q163: If the cross-price elasticity of demand between