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

Firms’ costs, revenue and objectives — practice question

What does total revenue mean?

  • Athe money received by the firm for each additional unit of output sold
  • Bthe price of the good multiplied by the total quantity sold
  • Cthe revenue per unit sold divided by the quantity sold
  • Dthe revenue per unit sold minus the cost per unit sold

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