Total Revenue Is in Dollars and X Is the Number

question 50

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) $9.60. This represents the revenue from the sale of 40 units.
• B) $478.80. This represents the marginal revenue from the sale of 40 units.
• C) $480.00. This represents the marginal revenue from the sale of 40 units.
• D) $432.00. This represents the revenue from the sale of 40 units.
• E) $1.20. This represents the revenue from the sale of 40 units.

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Definitions:

Interest Earned

The income received from investment assets before taxes taken on interest-bearing accounts, loans, or bonds.

Bank Fee

A charge by a bank for the maintenance of accounts, processing transactions, or for providing specialized services.

Check Printing

The process of writing and creating checks from a bank account for payment purposes.

Cash Balance

The amount of cash on hand at a given time, reflecting the liquidity position of an entity, as recorded in the financial statements.