Total Revenue = ________Question 4Answera.(Price per unit)(Quantity sold)b.Quantity solc.Price per unitd.(Price per unit)/(Quantity sold)

To determine the correct formula for Total Revenue from the provided options, we can analyze each option.

1. Break Down the Problem

• Total Revenue is a fundamental concept in economics and business.
• We need to identify which formula accurately represents Total Revenue.

2. Relevant Concepts

• The basic formula for Total Revenue (TR) is: $TR = (Price \, per \, unit) \times (Quantity \, sold)$

3. Analysis and Detail

• Option a states $(Price \, per \, unit)(Quantity \, sold)$, which directly aligns with the basic formula for Total Revenue.
• Option b states "Quantity sold." This option does not provide any multiplication by price and, therefore, is incorrect.
• Option c states "Price per unit," which only references the price without considering the quantity, making it incorrect as well.
• Option d states $(Price \, per \, unit) / (Quantity \, sold)$, which is mathematically incorrect as it suggests division instead of multiplication.

4. Verify and Summarize

• From the options analyzed, option a correctly represents the Total Revenue formula, while the other three options do not.

Final Answer

Total Revenue = (Price per unit) × (Quantity sold). The correct option is a.