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fredd [130]
3 years ago
8

When price and quantity sold by a firm or multiply the result is called?

Business
1 answer:
Aleks [24]3 years ago
6 0

Total Revenues

The price at which a firm sells one unit of its product is known as Selling Price.

A firm will sell a certain number of units during a given period – day, week, month, year etc.

When we multiply the Selling price and the quantity sold by a firm we get total revenues of a frim for a given period.

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