Economics 0455 · IGCSE · Firms’ costs, revenue and objectives

Firms’ costs, revenue and objectives — practice question

The average revenue of a firm is $10. It sells 2000 units. Calculate the firm's total revenue and the product price.

  • Atotal revenue $10, price $10
  • Btotal revenue $2000, price $200
  • Ctotal revenue $20000, price $10
  • Dtotal revenue $20000, price $200

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