Total revenues
A) are defined as the quantity sold divided by price.
B) are not the same as total receipts from the sale of output.
C) equal gross revenues minus all expenses of the firm.
D) equal the price per unit times the total quantity sold.
D
Economics
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Suppose that along the aggregate demand curve, real GDP equals $14.2 trillion when the GDP deflator is 90. If the GDP deflator were 95, real GDP along the aggregate demand curve would equal
A) more than $14.2 trillion but less than $14.8 trillion. B) less than $14.2 trillion. C) $14.2 trillion. D) more than $14.8 trillion.
Economics
Coins and dollar bills are money in the form of
a. barter b. currency c. value d. capital e. specie
Economics