A firm is producing a quantity of 20 units. The market price is $17. The firm's varialble cost is 1fixed cost is $50. What is the firm's total revenue?a. $1860.15-4047id7b8b.$340.c. $50.9500471d7b8d. $110.95d6477b895d647fd 7 b8MacBook Pro888F4F3%23%24%

Total revenue (TR): - it is the total amount that a seller receives selling his goods and services…

A firm is producing a quantity of 20 units. The market price is $17. The firm's variable cnt is fixed cost is $50. What is the firm's total revenue? 16-40 a. $1860. 4714768 b. $340. 95 47f4758 C. $50. 85d6477b8 d. $110.

A firm is producing a quantity of 20 units. The market price is $17. The firm's variable cnt is fixed cost is $50. What is the firm's total revenue? 16-40 a. $1860. 4714768 b. $340. 95 47f4758 C. $50. 85d6477b8 d. $110.

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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Question

A firm is producing a quantity of 20 units. The market price is $17. The firm's varialble cost is 1
fixed cost is $50. What is the firm's total revenue?
a. $1860.
15-40
47id7b8
b.
$340.
c. $50.
9500471d7b8
d. $110.
95d6477b8
95d647fd 7 b8
MacBook Pro
888
F4
F3
%23
%24
%

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