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

Firms’ costs, revenue and objectives — practice question

How do you calculate total revenue?

  • Aprice divided by the total output
  • Btotal output divided by the price
  • Ctotal output multiplied by the price
  • Dtotal output multiplied by total costs

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