Use the following to answer questions:
Figure: The Demand for Notebook Computers
-(Figure: Demand for Notebook Computers) Look at the figure The Demand for Notebook Computers. Total revenue at point S equals the:
A) distance 0P.
B) distance MS.
C) area 0TUM.
D) area 0PSM.

Question

Use the following to answer questions:
Figure: The Demand for Notebook Computers 
-(Figure: Demand for Notebook Computers) Look at the figure The Demand for Notebook Computers. Total revenue at point S equals the:
A) distance 0P. 
B) distance MS. 
C) area 0TUM. 
D) area 0PSM.

Quizplus · Accepted Answer

Total revenue is calculated as price multiplied by quantity. At point S, the total revenue is represented by the area 0PSM, which is the product of the price (0P) and the quantity (0M).

Use the Following to Answer Questions