Any firm's total revenue equalsA) MR × q.B) P × q.C) P/q.D) MR/q.

Question

Any firm's total revenue equalsA)  MR × q.B)  P × q.C)  P/q.D)  MR/q.

Jonathan Galleto · Accepted Answer

Final Answer : B, Explanation :  Total revenue for a firm is calculated by multiplying the price per unit (P) by the quantity of units sold (q), which is represented by the formula P × q.

Any firm's total revenue equals

A) MR × q.
B) P × q.
C) P/q.
D) MR/q.

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