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Introduction to Economics 1
Introduction to Economics 1 Deneme Sınavı
Introduction to Economics 1 Deneme Sınavı Sorusu #729628
Introduction to Economics 1 Deneme Sınavı Sorusu #729628
Which of the followings can total revenue be defined as?
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The total amount of money received by a seller, which is equal to average revenue times quantity sold. |
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The total amount of money received by a seller, which is equal to price times quantity sold. |
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The total amount of money received by a seller, which is equal to price times average revenue. |
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The total amount of money received by a seller, which is equal to price times marginal cost. |
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The total amount of money received by a seller, which is equal to price times marginal revenue. |
Yanıt Açıklaması:
Toatl revenue is the total amount of money received by a seller, which is equal to price times quantity sold. Therefore, the correct option is B.
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