Multiple choice

When average revenue is Rs.50 and output is equal to 15 units, total revenue will be:

  1. Rs.735

  2. Rs.750

  3. Rs.765

  4. Rs.770
Reveal answer Fill a bubble to check yourself
B Correct answer
Explanation

Total Revenue = Average Revenue * Quantity. 50 * 15 = 750.

AI explanation

Total revenue is calculated using the formula: Total revenue equals average revenue multiplied by output. Given the average revenue is Rs.50 and output is 15 units, the calculation becomes 50 multiplied by 15. This results in a total revenue of Rs.750.

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