1. In economics, total revenue is equal to total expenditures (TR = TE). Why does this occur?

A) TR is what the suppliers receive = TE of what the consumers spend.
B) TR is the profit of the supplier = TE of what the consumers spend.
C) TR is the revenue - costs of supplier = TE of what the consumers spend.
D) TR is what the supplier receives = TE of what the consumers spend + save.
E) None of the above.

2. If Bob and Sasha were the only individuals in the market, how much total revenue will the suppliers receive?

A) $27
B) $17
C) $10
D) $7
E) Cannot be determined.

3. If all the individuals listed are the entire market, what would be the total expenditures of these five?

A) $30
B) $25
C) $10
D) $7
E) Cannot be determined.