Multiple Choice
Total revenue represents the amount that:
A) sellers receive for a good or service which is computed as P÷Q.
B) sellers receive for a good or service which is computed as PxQ.
C) one buyer spends on a good or service which is computed as PxQ.
D) one buyer spends on a good or service which is computed as P÷Q.
E) one buyer spends on a good or service which is computed as Q÷P.
Correct Answer:
Verified
Correct Answer:
Verified
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