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

Firms’ costs, revenue and objectives — practice question

What quantity is found by multiplying price by the quantity demanded of a product?

  • Aaverage revenue
  • Bprofit
  • Ctotal cost
  • Dtotal revenue

Worked solution & mark scheme

This 1-mark question has a full step-by-step worked solution and mark scheme.

  • Full mark scheme, point by point
  • Step-by-step worked solution
  • Write your answer & get it marked instantly by AI