-Sun's Gas Station Is a Firm Operating in a Perfectly

question 73

Multiple Choice

-Sun's Gas Station is a firm operating in a perfectly competitive industry. Sun's Gas Station sells each gallon of gas for $3. What is the total revenue earned by selling 180 gallons of gas?

• A) $240
• B) $540
• C) $840
• D) $3,300

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Definitions:

Current Assets

Assets that a company expects to convert into cash, sell, or consume within one year or its operating cycle.