O-LevelEconomicsMicroeconomic decision makers2281/12 · Oct/Nov 2024 · Q151 Mark
A firm's average revenue is $20. It sells 1000 units. What are the firm's total revenue and the price of the product?
Atotal revenue (): 20, price (): 20
Btotal revenue (): 1000, price (): 50
Ctotal revenue (): 20000, price (): 20
Dtotal revenue (): 20000, price (): 50
✓ Correct answer
C: total revenue (): 20000, price (): 20
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