--%>

Price times quantity in total revenue

Total revenue equals: (w) price times quantity. (x) marginal revenue times marginal cost. (y) profit per unit of output. (z) total cost minus profit.

Please choose the right answer from above...I want your suggestion for the same.

   Related Questions in Microeconomics

  • Q : Market experience increases in quantity

    When equilibrium moves from point a to point b, the merely market experiencing raise within quantity supplied is demonstrated into: (w) Panel A. (x) Panel B. (y) Panel C. (z) Panel D.

    Q : Monopolist in the product market Can

    Can someone please help me in finding out the accurate answer from the following question. For a monopolist in a product market, the value of marginal product of the labor: (i) Equivalents the marginal revenue product of the labor

  • Q : Negative-positive coefficient in

    When you compute cross-elasticity of demand, what are you trying to find out?  What do a negative coefficient and a positive coefficient imply?

  • Q : Marginal revenue product and marginal

    When a monopolist maximizes the profit in a product market, it will: (i) Hire labor till the marginal revenue product equivalents marginal resource cost. (ii) Hire labor till the value of marginal product equivalents marginal resource cost. (iii) Pay a wage equivalent

  • Q : Long-run equilibrium price paid Pure

    Pure competitors in a long-run equilibrium are paid a price which: (i) allows recovery of any previous operating losses. (ii) equals MC although exceeds average cost. (iii) maximizes average revenue minus average cost. (iv) equals maximum long run ave

  • Q : Economic profits by competitive

    Economic profits produce competitive pressures which cause: (w) each firm’s output to shrink during the short run. (x) an industry’s output to increase. (y) market prices to increase. (z) firms to leave an industry.

    Q : Illustration of Substitution Effect

    Sally is very rich that money hardly matters to her, although when the price of JIF chunky peanut butter doubled Sally switched to Peter Pan chunky peanut butter. This alters is an example of the: (1) Income effect. (2) Payback effect. (3) Substitution effect. (4) Pri

  • Q : Total sales revenues and price

    If the price falls, there total sales revenues rise, in that case the price elasticity of demand: (1) relatively elastic. (2) relatively inelastic. (3) unitary elastic. (4) zero elastic. (5) inflexibly marginal.

    Q : Estimate income elasticity of demand

    When Y = income, that is the income elasticity of demand is approximately measured when the value of: (i) (% change in Q) / (% change in Y). (ii) ratio of the slopes of demand relative to supply. (iii) (% change in Q) / (% change in P). (iv) constant

  • Q : Price signalling reallocations in use

    An illustration of prices signalling desirable reallocations would happen while rising product demand leads to rising: (w) levels of investment during the economy. (x) employment of resources producing such good. (y) shifts of resources within other outputs. (z) quick