PRICE 100 90 80 70 60 50 40 30 20 10 Figure 5-3 Demand.. 5 10 15 20 25 30 35 40 45 50 QUANTITY Refer to Figure 5-3. At a price of $70 per unit, sellers' total revenue equals a. $1,400. b. $1,250. O c. $1,050. O d. $700.

PRICE 100 90 80 70 60 50 40 30 20 10 Figure 5-3 Demand.. 5 10 15 20 25 30 35 40 45 50 QUANTITY Refer to Figure 5-3. At a price of $70 per unit, sellers' total revenue equals a. $1,400. b. $1,250. O c. $1,050. O d. $700.

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

33.
34.
35.
36.
37.
38.
39.
OO
οι οι ο
O
O
40. O
100
PRICE
90
80
70
60
50
40
30
20
10
+
Demand
5
Refer to Figure 5-3. At a price of $70 per unit, sellers' total revenue equals
O a. $1,400.
O b. $1,250.
O
c. $1,050.
O d. $700.
Figure 5-3
10 15 20 25 30 35 40 45 50
QUANTITY

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