Calculate a firm's total revenue (TR) using the following information: the unit price (P) for a product is $40; the quantity sold (Q) is 2,000; the fixed cost (FC) is $50,000; and the variable cost (VC) is $20,000.
A)$10,000
B)$50,000
C)$110,000
D)$150,000
E)cannot be determined with the information provided

Question

Quizplus · Accepted Answer

The Answer of Calculate a firm's total revenue (TR) using the following information: the unit price (P) for a product is $40; the quantity sold (Q) is 2,000; the fixed cost (FC) is $50,000; and the variable cost (VC) is $20,000.
A)$10,000
B)$50,000
C)$110,000
D)$150,000
E)cannot be determined with the information provided

Calculate a Firm's Total Revenue (TR) Using the Following Information