How Is a Firm's Total Revenue Calculated

question 189

Multiple Choice

How is a firm's total revenue calculated?

• A)Price times average revenue.
• B)Price times quantity sold.
• C)Average revenue times quantity produced.
• D)Quantity demanded times quantity supplied.

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Definitions:

Companion Cells

Specialized cells in the phloem of plants that support the function of sieve tube elements in transporting sugars.

Cuticle Cells

The outermost layer of cells in plants and some animals that provides protection and reduces water loss.

Cork Cells

Specialized plant cells that are dead at maturity, containing air and suberin, forming the protective outer layer of the bark of trees.

Stomata

Small openings or pores found on the undersides of leaves and in some stems, which are essential for gas exchange between the plant and the atmosphere.