Table 9.2
$\begin{array}{ll}
\text { Price }(\$) & \text { Quantity Demanded } \
\hline 50 & 2 \
40 & 3 \
30 & 4 \
20 & 5 \
10 & 6
\end{array}$
-Refer to Table 9.2.Total revenue from selling 5 units is _____
A)$20.
B)$140.
C)$100.
D)$10.
E)$5.

Question

Table 9.2
 $\begin{array}{ll}
\text { Price }(\$) & \text { Quantity Demanded } \
\hline 50 & 2 \
40 & 3 \
30 & 4 \
20 & 5 \
10 & 6
\end{array}$
-Refer to Table 9.2.Total revenue from selling 5 units is _____
A)$20.
B)$140.
C)$100.
D)$10.
E)$5.

Quizplus · Accepted Answer

Total revenue is calculated by multiplying the price at which the units are sold by the number of units sold. For selling 5 units, the price from the table is $20, so total revenue is $20 * 5 = $100.

Table 92 Price ($) Quantity Demanded 502403304205106\begin{array}{ll}\text { Price }(\$) & \text { Quantity Demanded } \\\hline 50 & 2 \\40 & 3 \\30 & 4 \\20 & 5 \\10 & 6\end{array} Price ($)5040302010​ Quantity Demanded 23456​​

Table 92 $\begin{array}{ll}\text { Price }(\$) & \text { Quantity Demanded } \\\hline 50 & 2 \\40 & 3 \\30 & 4 \\20 & 5 \\10 & 6\end{array}$