Exhibit 6-4
-Refer to Exhibit 6-4. With reference to Graph A, at a price of $10, total revenue equals:
A)$200.
B)$400.
C)$500.
D)$1,000.

Name: Exhibit 6-4 -Refer to Exhibit 6-4. With reference to Graph A, at a price of $10, total revenue equals: A)$200. B)$400. C)$500. D)$1,000.
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Question

​Exhibit 6-4 
-Refer to Exhibit 6-4. With reference to Graph A, at a price of $10, total revenue equals:
A)​$200. 
B)​$400. 
C)​$500. 
D)​$1,000.

Quizplus · Accepted Answer

Total revenue is calculated by multiplying price by quantity. If the price is $10 and the quantity sold is 40 (as indicated by Graph A), total revenue equals $10 x 40 = $400.

​Exhibit 6-4 -Refer to Exhibit 6-4. with Reference to Graph A, at Graph

Exhibit 6-4 -Refer to Exhibit 6-4. with Reference to Graph A, at Graph