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Total revenue equals A)price per unit times change in quantity sold. b)price per unit times quantity supplied. c)change in price per unit times quantity sold. d)price per unit times quantity sold.

Respuesta :

Answer:

d) price per unit times quantity sold

Explanation:

Total revenue refers to the total receipts generated by a firm at a given level of output sold. It is represented by:

TR = P × Q

wherein, TR = Total Revenue

              P= Price per unit

              Q= Units or Quantity sold

Marginal revenue refers to the addition to total revenue when an additional unit is sold.

It is expressed as;

[tex]MR = TR_{n}\ -\ TR_{n\ -\ 1}[/tex]

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