Answered

Discover a world of knowledge at Westonci.ca, where experts and enthusiasts come together to answer your questions. Ask your questions and receive detailed answers from professionals with extensive experience in various fields. Explore comprehensive solutions to your questions from knowledgeable professionals across various fields on our platform.

A firm's total revenue can be determined by Group of answer choices None of the Answers are Correct. Fixed costs minus quantity. Total costs minus variable costs. Profits minus costs. Price times quantity.

Sagot :

A firm's total revenue can be determined by price and quantity. Hence, Option 5 is correct.

What is the total revenue?

A profit or an income that is generated by a company after selling products or services is known as total revenue. It is also known as gross revenue. Let's understand total revenue with the help of an example:

No. of products sold = 25

The price of each item is $20.

Total revenue = price × quantity

= 20 × 25

= $500

The total revenue of the firm is $500.

Thus, Total revenue can be determined with option 5: price× quantity.

Learn more about Total revenue from here:

https://brainly.com/question/13000391

#SPJ1

We appreciate your time. Please revisit us for more reliable answers to any questions you may have. Thank you for visiting. Our goal is to provide the most accurate answers for all your informational needs. Come back soon. We're glad you visited Westonci.ca. Return anytime for updated answers from our knowledgeable team.