Figure 5-5

-Refer to Figure 5-5.At a price of $30 per unit,sellers' total revenue equals
A) $150.
B) $200.
C) $288.
D) $450.

Name: Figure 5-5 -Refer to Figure 5-5.At a price of $30 per unit,sellers' total revenue equals A) $150. B) $200. C) $288. D) $450.
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Question

Figure 5-5
 
-Refer to Figure 5-5.At a price of $30 per unit,sellers' total revenue equals
A) $150. 
B) $200. 
C) $288. 
D) $450.

Quizplus · Accepted Answer

Total revenue is calculated by multiplying the price per unit by the quantity sold. If the price is $30 per unit, and assuming the quantity sold is 15 units (as implied by the total revenue options), the total revenue would be $30 * 15 = $450.

Figure 5-5 -Refer to Figure 5-5.At a Price of $30 Per Unit,sellers