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Economics · Oct / Nov 2024 · Paper 13 · Question 15

2281Firms’ costs, revenue and objectives

How is total revenue calculated?

  1. Aprice divided by the total output
  2. Btotal output divided by the price
  3. Ctotal output multiplied by the price
  4. Dtotal output multiplied by total costs

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Correct answer: C. total output multiplied by the price

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