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Edexcel A-Level Economics A2 3.3.2 1a Formulae to Calculate and Understand the Relationship Between Total Revenue Questions

Practise calculating and interpreting total, average and marginal revenue from tables, diagrams and business data extracts.

Syllabus
First assessment 2019
Course
Economics YEC11
Level
A2

Exam points

  • calculate average revenue as total revenue divided by the number of units or customers
  • identify the total-revenue curve for a perfectly competitive firm facing a constant market price
  • identify an imperfect competitor's total-revenue curve and infer that MR is zero where TR is maximised

Edexcel A-Level Economics A2 3.3.2 1a Formulae to Calculate and Understand the Relationship Between Total Revenue Questions question 1

[Maximum number: 1]

The table shows the number of international subscribers for Netflix and its total revenue for Q4 in the years 2017 to 2020.

Table for Question Edexcel A-Level Economics A2 3.3.2 1a Formulae to Calculate and Understand the Relationship Between Total Revenue Questions question 1 — Edexcel A-Level Economics A2

Which one of the following can be deduced from the table?

A

Average revenue was $32.62 in Q4 2017

B

Average revenue was $29.70 in Q4 2018

C

Average revenue was $32.72 in Q4 2019

D

Average revenue was $30.07 in Q4 2020

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