Learning Path
Question & Answer1
Understand Question2
Review Options3
Learn Explanation4
Explore TopicChoose the Best Answer
A
$100
B
$1,000
C
$10,000
D
$500
Understanding the Answer
Let's break down why this is correct
Answer
To find the total revenue a company makes from selling products, you multiply the number of units sold by the price of each unit. In this case, the company sells 100 units, and each unit is priced at $10. So, you calculate the total revenue by multiplying 100 by 10, which equals $1,000. This means that the company earns $1,000 from selling those 100 units. Total revenue is important because it helps businesses understand how much money they are bringing in from sales.
Detailed Explanation
To find total revenue, multiply the number of units sold by the price per unit. Other options are incorrect because This answer might come from thinking each unit sold is $1; This answer suggests a misunderstanding of multiplication.
Key Concepts
Total Revenue
Topic
Marginal Revenue and Profit Calculations
Difficulty
easy level question
Cognitive Level
understand
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