JAMB Economics 2020 Objective — Question 25

Question 25 of 50 from the Joint Admissions and Matriculation Board (JAMB) Economics 2020 Objective paper, with the correct answer and a full explanation.

The total revenue of the firm is represented by

A. GHEF
B. GHJCCCorrect
C. EFJC
D. GHOB

Explanation

Total revenue is represented by the rectangular area (price x quantity) labelled GHJCC on the graph.

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