Economics · May / June 2021 · Paper 12 · Question 14
2281Firms’ costs, revenue and objectives
What is calculated when price is multiplied by the quantity demanded of a product?
- Aaverage revenue
- Bprofit
- Ctotal cost
- Dtotal revenue
As printed in the paper
Show the answer
Correct answer: D. total revenue
Make a free account to save your answers and see your weak topics and ask the AI why a wrong answer is wrong.