Asked by Liezel Paglinawan on Jun 06, 2024
Verified
Refer to Figure 15.3. Gwen's Country Curtains is currently manufacturing and selling 1,000 pairs of curtains per month. The ________ for this company is $80,000.
A) total cost
B) profit
C) total revenue
D) fixed cost
Total Revenue
The gross revenue from selling products or services before deducting any costs.
Fixed Cost
Expenditures that do not change with the level of production or sales, such as rent, salaries, and insurance.
Total Cost
the complete cost of production including both fixed and variable costs.
- Estimate the income, financial losses, and point of no profit or loss in a monopolistically competitive sector.
Verified Answer
PH
Phoenix HinesJun 09, 2024
Final Answer :
C
Explanation :
Total revenue is calculated by multiplying the price per unit by the number of units sold. Since the specific figure related to costs or profits isn't provided in the question, the only logical conclusion from the information given (assuming the figure pertains directly to the sales of 1,000 pairs of curtains) is that it refers to total revenue.
Learning Objectives
- Estimate the income, financial losses, and point of no profit or loss in a monopolistically competitive sector.