Calculate a Firm's Total Revenue (TR) Using the Following Information

question 203

Multiple Choice

Calculate a firm's total revenue (TR) using the following information: the unit price (P) for a product is $40; the quantity sold (Q) is 2,000; the fixed cost (FC) is $50,000; and the variable cost (VC) is $20,000.

• A)$10,000
• B)$50,000
• C)$110,000
• D)$150,000
• E)cannot be determined with the information provided

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Definitions:

Birth Control Pills

Medications taken orally by women to prevent pregnancy by suppressing ovulation and altering the uterine lining and cervical mucus.

Physiological Changes

Alterations in the body's normal biological functions, which can occur due to aging, disease, environmental factors, or lifestyle changes.

Vaginal Lubrication

The natural process by which the vagina produces fluid to facilitate sexual intercourse and reduce friction.

Nipple Erection

The involuntary hardening or protrusion of the nipples in response to cold, arousal, or stimulation.