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)
The sector that employs the largest proportion of the active labour force in Nigeria is the ...
Economic is often described as a science because ...
Goods for which demands rises as income rises are ...
In the demographic transition theory, stage II represents a stage where ...
One of the criticisms of the price mechanism is that ...
In order to discourage the importation of manufactured goods, a country should adopt ...
The term "Money at call and short notice" in a bank's assets represents the bank's...