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solniwko [45]
3 years ago
7

Total revenue is best described as variable cost per unit times the number of units sold. the change in revenue when one additio

nal worker is hired. price per unit times the number of units sold. what economists assume firms seek to maximize.
Business
1 answer:
asambeis [7]3 years ago
6 0

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
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3 years ago
A company purchases shipments of machine components and uses this acceptance sampling plan: Randomly select and test 26 componen
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7 0
3 years ago
Quarter Inc. is an Italian company that set up its ventures in the United States. It sells watches—designed and manufactured in
spin [16.1K]

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In one of the case studies in the textbook, Ernie Phillips was a CPA who had fallen on hard times both financially and personall
olga_2 [115]

Answer:

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