XYZ Corporation produced 300 units of output but sold only 250 of the units it produced. The average cost of production for each unit of output produced was $100. Each of the 250 units sold was sold for a price of $95. What would total revenue for XYZ Corporation be? -$3875 $3875 $23,750 $25,500

XYZ Corporation produced 300 units of output but sold only 250 of the units it produced. The average cost of production for each unit of output produced was $100. Each of the 250 units sold was sold for a price of $95. What would total revenue for XYZ Corporation be? -$3875 $3875 $23,750 $25,500

Managerial Economics: A Problem Solving Approach

5th Edition

ISBN:9781337106665

Author:Luke M. Froeb, Brian T. McCann, Michael R. Ward, Mike Shor

Publisher:Luke M. Froeb, Brian T. McCann, Michael R. Ward, Mike Shor

Chapter3: Benefits, Costs, And Decisions

Section: Chapter Questions

Problem 1MC

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Question

XYZ Corporation produced 300 units of output but sold only 250 of the units it produced. The average cost of
production for each unit of output produced was $100. Each of the 250 units sold was sold for a price of $95. What
would total revenue for XYZ Corporation be?
-$3875
$3875
$23,750
$25,500

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