Total revenue is:
A) cost multiplied by quantity of each item produced.
B) price multiplied by quantity subtracted from total cost.
C) price multiplied by quantity of each item sold.
D) None of these is true.

Question

Quizplus · Accepted Answer

Total revenue is the amount of money earned from selling a certain quantity of goods or services. It is calculated by multiplying the price of the goods or services by the quantity of units sold. Therefore, option C is the correct choice. Option A is incorrect because it refers to the cost of production instead of the revenue generated from sales. Option B is incorrect because it subtracts the cost from the price, which does not result in total revenue. Option D is incorrect because at least one of the other options is true.

Total Revenue Is