O-LevelEconomicsMicroeconomic decision makers2281/11 · May/June 2021 · Q141 Mark

Dimitry owns a firm that produces and sells bottles of lemonade. He only sells one size of bottle. How would Dimitry calculate the total revenue of the firm?

Amultiply the quantity sold by the cost per bottle

Bmultiply the quantity sold by the price per bottle

Cmultiply the quantity sold by the profit per bottle

Dmultiply the quantity sold by the tax per bottle

✓ Correct answer

B: multiply the quantity sold by the price per bottle

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Topic: Microeconomic decision makers, O-Level Economics (syllabus 2281). Multiple choice, 1 mark.
Source: O-Level Economics, May/June 2021 Paper 1 Variant 1, question 14.

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