Exhibit 6-4
-Refer to Exhibit 6-4. With reference to Graph A, at a price of $5, total revenue equals:
A)$200.
B)$400.
C)$500.
D)$1,000.

Name: Exhibit 6-4 -Refer to Exhibit 6-4. With reference to Graph A, at a price of $5, total revenue equals: A)$200. B)$400. C)$500. D)$1,000.
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Question

​Exhibit 6-4 
-Refer to Exhibit 6-4. With reference to Graph A, at a price of $5, total revenue equals:
A)​$200. 
B)​$400. 
C)​$500. 
D)​$1,000.

Quizplus · Accepted Answer

At a price of $5, the quantity demanded is 100 units. Therefore, total revenue equals $5 x 100 = $500.

​Exhibit 6-4 -Refer to Exhibit 6-4. with Reference to Graph A, at Graph

Exhibit 6-4 -Refer to Exhibit 6-4. with Reference to Graph A, at Graph