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Cost and Revenue Analysis — Economics STD 11 — Question

Tamilnadu BoardEnglish MediumSTD 11EconomicsCost and Revenue Analysis1 Mark
MCQ
Choose the correct statement
  • A
    Revenue means the price of the product.
  • B
    Marginal revenue is equal to the price of the product.
  • ✓
    Revenue means sales revenue d. Average revenue is the total income of the firm.
  • D
    Average revenue is the total income of the firm
✓

Answer

Correct option: C.
Revenue means sales revenue d. Average revenue is the total income of the firm.
Revenue means sales revenue d. Average revenue is the total income of the firm.

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