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Total revenue can be obtained by multiplying ____________

Total revenue can be obtained by multiplying ____________
Take Free Practice Test On 2026 JAMB UTME, Post UTME, WAEC SSCE, GCE, NECO SSCE
  • A Price by quantity sold
  • B Averages revenue by the demand
  • C Marginal revenue by marginal cost
  • D Average revenue plus marginal revenue
  • E Average cost by variable cost
Correct Answer: Option A
Explanation:
Total revenue can be obtained by multiplying the quantity of output sold by the market price of the product (P.Q)

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