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  5. Revenue is the

Revenue is the

Economics
WAEC 2008

Revenue is the

  • A. cost of good multiplied by the quantity sold
  • B. price of goods multiplied by the quantity sold
  • C. quantity of goods plus purchase price
  • D. quantity supplied less quantity sold
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Correct Answer: Option B
Explanation

Revenue = Sales x Average Price of Service or Sales Price

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Post-UTME Past Questions - Original materials are available here - Download PDF for your school of choice + 1 year SMS alerts
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Post-UTME Past Questions - Original materials are available here - Download PDF for your school of choice + 1 year SMS alerts
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