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CAIE IGCSE Economics 3.6.4 Calculation of Revenue Questions

Practise Cambridge IGCSE Economics by calculating total and average revenue, interpreting revenue tables and linking revenue and cost data to profit.

Syllabus
2027–2029
Course
Economics 0455

Exam points

  • Calculate total revenue by multiplying price by quantity sold.
  • Calculate average revenue by dividing total revenue by output, and use the equivalence between average revenue and price.
  • Use revenue and cost data to identify the output or price that maximises profit and explain revenue changes.

CAIE IGCSE Economics 3.6.4 Calculation of Revenue Questions question 1

[Maximum number: 1]

The table shows a firm's average revenue and average cost at different levels of output.
When all output is sold, which level of output generates the most profit?

output
(units)

average
revenue (US$)

average
cost (US$)

5

10

30

10

20

20

15

25

15

20

30

18

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