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O-LevelEconomicsMicroeconomic decision makers2281/13 · Oct/Nov 2024 · Q151 Mark

How is total revenue calculated?

Aprice divided by the total output

Btotal output divided by the price

Ctotal output multiplied by the price

Dtotal output multiplied by total costs

✓ Correct answer

C: total output multiplied by the price

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About this question

Topic: Microeconomic decision makers, O-Level Economics (syllabus 2281). Multiple choice, 1 mark.
Source: O-Level Economics, Oct/Nov 2024 Paper 1 Variant 3, question 15.

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