Total revenue can be obtained by multiplying
...Total revenue can be obtained by multiplying
Price by quantity sold
Averages revenue by the demand
Marginal revenue by marginal cost
Average revenue plus marginal revenue
Average cost by variable cost
Correct answer is A
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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\(\begin{array}{c|c} \text{Units of Quantity consumed} & \text{Total utility} & \text{Margi...