Total Revenue Is Equal to

question 43

Multiple Choice

Total revenue is equal to

• A) the change in price resulting from a one-unit increase in quantity sold.
• B) the amount people will buy at a given price.
• C) the change in the quantity sold when you change the price by one unit.
• D) price multiplied by the quantity sold.
• E) the price at which the good or service is sold.

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Definitions:

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A moral or legal obligation; in legal terms, it often refers to the responsibility one party has to act in a certain way toward others.

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The official journal of the federal government of the United States, where government agencies publish notices, rules, and regulations.

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An official suggestion for a new regulation or amendment to existing regulations, usually published for public comment before adoption.

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