ENGR.ECONOMIC ANALYSIS
ENGR.ECONOMIC ANALYSIS
14th Edition
ISBN: 9780190931919
Author: NEWNAN
Publisher: Oxford University Press
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Figure 5-3
PRICE
100
90
Demand
80
70
60
50
40
30
20
10
88228 2 2 2 2 9
5
10 15 20 25 30 35 40 45 50
QUANTITY
Refer to Figure 5-3. At a price of $50 per unit, sellers' total revenue equals:
O $900.
O $1,250.
O $1,400.
O $1,020.
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Transcribed Image Text:Figure 5-3 PRICE 100 90 Demand 80 70 60 50 40 30 20 10 88228 2 2 2 2 9 5 10 15 20 25 30 35 40 45 50 QUANTITY Refer to Figure 5-3. At a price of $50 per unit, sellers' total revenue equals: O $900. O $1,250. O $1,400. O $1,020.
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