A company brings in $20$ high quality bicycles to the US, paying $\$3000$ for each one. It sells every bicycle and earns a profit of $\$1000$ on each bicycle. What is the average revenue of the company?
- A$\$1000$
- B$\$2000$
- C$\$3000$
- D$\$4000$
Economics 0455 · IGCSE · Firms’ costs, revenue and objectives