Answer :
Here, the total revenue for the first quarter ($41,250), the second quarter ($72,00), the third quarter ($81,00), and the fourth quarter ($80,750) are all total revenue.
The money earned by a business from the sale of its products and services is known as total revenue. To put it another way, businesses use this indicator to assess how effectively their primary sources of revenue are creating profits. The relationship between marginal and total revenue is straightforward.
Prior to excluding any costs from the calculation, revenue is the whole amount of income a business derives from its core operations. The income a business receives from offering its clients products or services is known as sales.
Total revenue = price × quantity sold
In Q1, price = $275, quantity sold = 150, total revenue = $(275 × 150) = $41250
In Q2, price = $240, quantity sold = 300, total revenue = $(240 × 300) = $72000
In Q3, price = $180, quantity sold = 450, total revenue = $(180 × 450) = $81000
In Q4, price = $170, quantity sold = 475, total revenue = $(170 × 475) = $80750
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