A company imports $20$ high quality bicycles into the US, paying $\$3000$ for each bicycle. It sells all of them and makes a profit of $\$1000$ on every bicycle. What is the firm’s average revenue?
- A$\$1000$
- B$\$2000$
- C$\$3000$
- D$\$4000$
Economics 2281 · O Level · Firms' costs, revenue and objectives