If the demand curve is p =20 - 0.5q, what is the total revenue at an output level of 20 units?

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100

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200

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400

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Solution

The correct option is C
200

At output level 20, the price paid by consumers is 10. So, revenue is the product of price and quantity, and this gives us 200.

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If the demand curve is p =20 - 0.5q, what is the total revenue at an output level of 20 units?

The correct option is C 200 At output level 20, the price paid by consumers is 10. So, revenue is the product of price and quantity, and this gives us 200.

The correct option is C
200

At output level 20, the price paid by consumers is 10. So, revenue is the product of price and quantity, and this gives us 200.