Total revenue can be defined as:
A. the total amount a firm spends on all inputs used in production.
B. the amount that a firm spends on all inputs that go into making a good or service.
C. the amount that a firm receives from the sale of goods and services.
D. the total number of sales of a good or service by a firm.
Answer: C
You might also like to view...
Fast Stop, a gasoline and grocery quick mart, charges $3 for one hot dog and $5 for two hot dogs. This is an example of ________.
A) an all-or-nothing offer B) third-degree price discrimination C) second-degree price discrimination D) two-part pricing
Would a relatively high P/E ratio lead us to conclude that a stock is overvalued or undervalued? Why or why not?
Measuring the amount of unemployment in the economy is a straightforward task
a. True b. False Indicate whether the statement is true or false
Microeconomics can be used by governments to predict the impacts of a policy and suggest solutions to problems
Indicate whether the statement is true or false