If a Firm Charges $100 and Consumers Buy 10 Units

question 109

Multiple Choice

If a firm charges $100 and consumers buy 10 units, the total revenue is:

• A) $0
• B) $100.
• C) $1000.
• D) not determinable from information provided.

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Definitions:

Content Services

Online services that provide users with digital content, such as news, music, video, and more, either for free or on a subscription basis.

Outsourcing

Obtaining a good or service from an external supplier, often in international markets.

Make-Or-Buy Decision

The strategic choice between producing a good or service internally or purchasing it from an external supplier.

Operational Risk

A measure of a firm’s inability to document the work remote employees do, describe the different situations they might face, and direct their responses in each scenario.