one year Question 18 (5 points) The Carolina Christmas Tree Corporation grows and sells 500 Christmas...

Question

Question

Answer 1

Answer #1

The total revenue is calculated by price multiplied by the quantity sold.

TR = P x 2 .

= 55 x 500 .

= 27,500.

Ans: $ 27,500.

Answer 2

Similar Homework Help Questions

UULL M McGraw-Hill Conne.. ime Left:0:40:07 Lindsey Spicer: Attempt 1 Question 18 (5 points) The Carolina...

UULL M McGraw-Hill Conne.. ime Left:0:40:07 Lindsey Spicer: Attempt 1 Question 18 (5 points) The Carolina Christmas Tree Corporation grows and sells 500 Christmas trees. The average cost of production per tree is $50. Each tree sells for a price of $55. The Carolina Christmas Tree Corporation's total revenues are $32,500. $27,500 $2,500 $25,000 Question 19 (5 points) Saved When a firm is making a profit-maximizing production decision, which of the following principles of economics is likely to be most...
FART I TRUE FALSE QUESTIONS (10 points). Please write True (1) or False (F) on the...

FART I TRUE FALSE QUESTIONS (10 points). Please write True (1) or False (F) on the blank Scarcity is the intimited nature of society's resources given society's limited wants 2. A reward is a type of positive incentive. 3. To remove difficulty of double coincidence of wants we use money. 4. An exogenous factor is a variable that can be controlled for inside the model. 5. The PPF will not have a constant slope. 6. The law of demand states...