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Question
Total Revenue = Total quantity ×Price_______.
Total Revenue = Total quantity ×Price_______.
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Solution
The correct option is A True
Total revenue is the total receipts a seller can obtain from selling goods or services to buyers. It can be written as P × Q, which is the price of the goods multiplied by the quantity of the sold goods. Cost received by sellers from buyer by selling number of products is known as total revenue.
Total revenue is the total receipts a seller can obtain from selling goods or services to buyers. It can be written as P × Q, which is the price of the goods multiplied by the quantity of the sold goods. Cost received by sellers from buyer by selling number of products is known as total revenue.
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