Which of the following is the accurate equation for total revenue?
a. TR = P – Q
b. TR = P + Q
c. TR = P/Q
d. TR = P × Q
d. TR = P × Q
You might also like to view...
Use the following graph to answer the next question. 
The economy is at equilibrium at point B. What would expansionary fiscal policy do?
A. Move the economy from point B towards point C. B. Move the economy from point B towards point A. C. Move the economy from point B downward along AD2. D. Move the economy from point B upward along AD2.
In the 1980s, the USA and the USSR negotiated a reduction in nuclear arms; this is an example of a
A) non-cooperative equilibrium. B) cooperative outcome that may not be a Nash equilibrium. C) cooperative outcome that was a Nash equilibrium. D) sub-game perfect equilibrium.
Which is true?
A. The federal personal income tax is a regressive tax. B. The poor are hurt more than the rich by progressive taxes. C. The most important source of federal tax revenue is the payroll tax. D. Until 1981 the maximum marginal tax rate on the federal income tax was 70 percent.
The four factors of production are:
A. land, labor, capital, and money. B. land, labor, capital, and entrepreneurial ability. C. labor, capital, technology, and entrepreneurial ability. D. labor, capital, entrepreneurial ability, and money.