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Total revenue can be obtained by multiplying

Economics
NECO 2003
Total revenue can be obtained by multiplying
  • A. price by quantity sold
  • B. averages revenue by the demand
  • C. marginal revenue by marginal cost
  • D. average revenue plus marginal revenue
  • E. average cost by variable cost
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Correct Answer: Option A
Explanation
Total revenue can be obtained by multiplying the quantity of output sold by the market price of the product (P.Q)
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