Total revenue is the:
A) same as profit.
B) total amount of money that a firm receives from selling a good.
C) total amount of money that a firm receives from selling a good minus what it costs to produce that good.
D) same as the price of a good.

Question

Quizplus · Accepted Answer

Total revenue refers to the total amount of money a firm receives from selling its goods or services, without subtracting any costs. It is calculated by multiplying the price of the goods by the quantity sold. Choices A, C, and D describe profit, cost, and price, respectively, which are different concepts.

Total Revenue Is The