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Sunday, 24 May 2026
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Total revenue is calculated as:

Total revenue is calculated as:
Take Free Practice Test On 2026 JAMB UTME, Post UTME, WAEC SSCE, GCE, NECO SSCE
  • A AVC × MC
  • B Price × Quantity
  • C Cost ÷ Output
  • D Revenue − Profit
Correct Answer: Option B
Explanation:
Total revenue represents total earnings from sales and is obtained by multiplying price by quantity sold.

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