Grade Booster student workshops are back in cinemas for 2022. Learn more


Practice Exam Questions

Price and Total Revenue (Multiple Choice Question)

AS, A Level, IB
AQA, Edexcel, OCR, IB, Eduqas, WJEC

Here is an exam question testing student understanding of the relationship between average revenue (demand) and total revenue.

Price and Total Revenue

What is total revenue?

Total revenue (TR) is found by multiplying price (P) by output i.e. number of units sold. Total revenue is maximized when marginal revenue = zero.

Boston House,
214 High Street,
Boston Spa,
West Yorkshire,
LS23 6AD

Tel: +44 0844 800 0085

© 2022 Tutor2u Limited. Company Reg no: 04489574. VAT reg no 816865400.