Total Revenue Is in Dollars and X Is the Number

question 174

Multiple Choice

Total revenue is in dollars and x is the number of units. Suppose that the total revenue function for a commodity is . Find , and tell what it represents. ​

• A)$19.00. This represents the revenue from the sale of 50 units.
• B)$1,049.00. This represents the marginal revenue from the sale of 50 units.
• C)$1,050.00. This represents the marginal revenue from the sale of 50 units.
• D)$1,000.00. This represents the revenue from the sale of 50 units.
• E)$1.00. This represents the revenue from the sale of 50 units.

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Definitions:

Units-Of-Production Method

A depreciation method that allocates an asset’s cost based on its usage, productivity, or units produced, rather than the passage of time.

Double Declining-Balance Method

A method of accelerated depreciation that doubles the straight-line depreciation rate, reducing the asset's book value more quickly in its early years.

Double Declining Balance

An accelerated method of depreciation which doubles the rate at which an asset is depreciated compared to the straight-line method.

Straight-Line Method

This approach spreads the cost of a fixed asset evenly over its expected productive life, ensuring a consistent depreciation expense each year.