Question

total revenue is equal to total output sold multiplied by​

Answer 1

Answer:

It is the total income of a business and is calculated by multiplying the quantity of goods sold by the price of the goods. For example, if Company A produces 100 widgets and sells them for $50 each, the total revenue would be 100 * $50 = $5,000.

Answer 2

QUESTION:-

Total revenue is equal to total output sold multiplied by

ANSWER:-

• Total revenue is equal to the total output sold multiplied by the price of the commodity.

• The Price Of The Commodity is the correct answer.

EXPLANATION:-

• Total Revenue refers to the total amount of income received by the firm from selling a given amount of its product.

• Total revenue is the total earnings of a firm from the sale of its total product.

• Total revenue is equal to the price of the commodity multiplied by the total number of units sold at that price.

• Total revenue depends both on the price of the goods being sold and the number of units sold at that price.

• Total revenue from the firm's point of view is the same as the total expenditure from the side of consumers.

• Total revenue can be obtained from marginal revenue by adding the marginal revenue of all the units.

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