As per the theory of revenue, If price is denoted by (P) and quantity is denoted by (0), then the total revenue (TR) will be:
A.\(\frac { P }{ Q }\)
B. \(\frac { Q }{ P }\)
C. P × Q
D. P × \(\frac { P }{ Q }\)
Answer:C
As per the theory of revenue, If price is denoted by (P) and quantity is denoted by (0), then the total revenue (TR) will be:
A.\(\frac { P }{ Q }\) B. \(\frac { Q }{ P }\) C. P × Q D. P × \(\frac { P }{ Q }\)