Which of the following would be a likely mathematical expression for Total Revenue?
A)Total Revenue = Production Volume + Revenue per Unit
B)Total Revenue = Profit - Production Volume × Revenue per Unit
C)Total Revenue = Production Volume × Revenue per Unit
D)Total Revenue = Total Variable Cost + Production Volume + Revenue per Unit

Question

Which of the following would be a likely mathematical expression for Total Revenue? ​ 
A)Total Revenue = Production Volume + Revenue per Unit 
B)Total Revenue = Profit - Production Volume × Revenue per Unit 
C)Total Revenue = Production Volume × Revenue per Unit 
D)Total Revenue = Total Variable Cost + Production Volume + Revenue per Unit

Quizplus · Accepted Answer

Total revenue is calculated by multiplying the production volume by the revenue per unit, so the correct expression would be Total Revenue = Production Volume × Revenue per Unit (Option C). Option A and D are incorrect as they do not include multiplication. Option B is incorrect as it includes profit, which is not a part of the calculation for total revenue.

Which of the Following Would Be a Likely Mathematical Expression