Exhibit 6-4
-Refer to Exhibit 6-4. With reference to Graph B, at a price of $5, total revenue equals:
A)$200.
B)$300.
C)$250.
D)$150.

Name: Exhibit 6-4 -Refer to Exhibit 6-4. With reference to Graph B, at a price of $5, total revenue equals: A)$200. B)$300. C)$250. D)$150.
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Question

​Exhibit 6-4 
-Refer to Exhibit 6-4. With reference to Graph B, at a price of $5, total revenue equals:
A)​$200. 
B)​$300. 
C)​$250. 
D)​$150.

Quizplus · Accepted Answer

At a price of $5, the quantity demanded is 40 units. Total revenue is equal to price multiplied by quantity, so total revenue is $5 x 40 = $200.

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

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