Refer to Scenario 15-1. At Q = 500, the firm's total revenue is

A) $2,000.
B) $20,000.
C) $22,000.
D) $40,000.

Question

Refer to Scenario 15-1. At Q = 500, the firm's total revenue isA) $2,000.B) $20,000.C) $22,000.D) $40,000.

Leticia Navas · Accepted Answer

Final Answer : D, Explanation :  Total revenue is calculated as the quantity of goods sold multiplied by the price per unit. Given that the average revenue (which is the same as the price per unit in this context) is $80 and the quantity is 500 units, the total revenue is 500 * $80 = $40,000.

Refer to Scenario 15-1. At Q = 500, the firm's total revenue is

A) $2,000.
B) $20,000.
C) $22,000.
D) $40,000.

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