Economics Multiple Choice Question – 26 November 2018

The home of multiple choice questions for all your KS3, KS4 and KS5 Business Studies, Economics and Accounting requirements.

Marginal revenue is defined as …..……. ?

Select ONE answer:

  1. total revenue divided by the total quantity sold.
  2. the change in total revenue that results from a one-unit increase in the quantity sold.
  3. the value of a firm’s sales.
  4. the total revenue from the total amount the firm sells.

Show your workings to arrive at your answer, and explain and justify your reasons:……………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………

This multiple choice question is suitable for Economics KS5 classes.

The answer is 2

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