Economics Multiple Choice Question – 26 November 2018

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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