If a decrease in income leads to an increase in the demand for macaroni, then macaroni is

Total revenue is:

A. the amount that a firm spends on all inputs that go into producing a good or service. B. the quantity sold multiplied by the price paid for each unit. C. the quantity produced multiplied by the cost of producing each unit. D. the amount that an individual gets paid over a specified period of time, typically annually.

 In Omega the lowest 40 percent of families receive approximately what percentage of income? (See Figure 33.1)

A. 17 percent. B. 40 percent. C. 10 percent. D. 20 percent.