Question

Total revenue is best described as variable cost per unit times the number of units sold. the change in revenue when one additional worker is hired. price per unit times the number of units sold. what economists assume firms seek to maximize.

Answer 1

Answer:

price per unit times the number of units sold.

Explanation:

total revenue = total number of units sold x price per unit

the other options are incorrect because:

• the variable cost per unit times the number of units sold = total variable costs
• the change in revenue when one additional worker is hired = marginal revenue product of the additional worker
• firms seek to maximize profits, not revenue