Learning objective

Be able to calculate total revenue (TR) and average revenue (AR), and understand how sales levels affect revenue.

Read the explanation, check the common trap, then practise with flashcards and questions.

Practise this topic Read the exam answer Topic hub

Exam focus

Read the explanation.
Check key terms.
Practise with linked questions.

Cambridge IGCSE EconomicsSubject content

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Understand this objective

Quick explanation

Be able to calculate total revenue (TR) and average revenue (AR), and understand how sales levels affect revenue

This point belongs to Firms’ costs, revenue and objectives, especially Firms’ costs, revenue and objectives outcomes.
You need to be able to be able to calculate total revenue (TR) and average revenue (AR), and understand how sales levels affect revenue.
The key ideas to know are Calculate and Discuss.
Use the linked flashcards and practice questions to check recall, then practise applying the idea in an exam-style answer.

Key concepts

CalculateDiscuss

Why it matters

This objective helps connect Firms’ costs, revenue and objectives outcomes to exam-style questions, flashcards, and revision notes for Firms’ costs, revenue and objectives.

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