33:I[196793,["/_next/static/chunks/39xwo21u32kk3.js?dpl=nogit-1790936776","/_next/static/chunks/2epfhfe5im7r6.js?dpl=nogit-1790936776","/_next/static/chunks/13_9hjun60hj-.js?dpl=nogit-1790936776","/_next/static/chunks/3mz725-y91ph6.js?dpl=nogit-1790936776","/_next/static/chunks/3idr5td_y0l2x.js?dpl=nogit-1790936776","/_next/static/chunks/0u008gt6051u7.js?dpl=nogit-1790936776","/_next/static/chunks/1odwrcl12kfnl.js?dpl=nogit-1790936776","/_next/static/chunks/2bxmml65nu49g.js?dpl=nogit-1790936776","/_next/static/chunks/0zkcxwtbsqliz.js?dpl=nogit-1790936776","/_next/static/chunks/3ao1re0xmmur_.js?dpl=nogit-1790936776","/_next/static/chunks/1v3yeqs4syiu6.js?dpl=nogit-1790936776","/_next/static/chunks/1h4wccj42vygd.js?dpl=nogit-1790936776","/_next/static/chunks/3ht89vb0p09bm.js?dpl=nogit-1790936776","/_next/static/chunks/3ml3vooxhiupb.js?dpl=nogit-1790936776","/_next/static/chunks/19ijf68pshdcn.js?dpl=nogit-1790936776","/_next/static/chunks/3jpl-42mbad5n.js?dpl=nogit-1790936776","/_next/static/chunks/2os7nxouq91eq.js?dpl=nogit-1790936776","/_next/static/chunks/3ocoqwe4aht_u.js?dpl=nogit-1790936776","/_next/static/chunks/30ejopwuj9-ez.js?dpl=nogit-1790936776","/_next/static/chunks/3r5hh4t0jf4es.js?dpl=nogit-1790936776","/_next/static/chunks/0viymfxbftnxg.js?dpl=nogit-1790936776","/_next/static/chunks/0v4byuex1x38h.js?dpl=nogit-1790936776","/_next/static/chunks/3lz9pr5v38m4h.js?dpl=nogit-1790936776","/_next/static/chunks/1coblm1-go81_.js?dpl=nogit-1790936776","/_next/static/chunks/2mv9l1xl_aa4j.js?dpl=nogit-1790936776","/_next/static/chunks/1_p5v4n7583_r.js?dpl=nogit-1790936776","/_next/static/chunks/3fht_ul1qhe08.js?dpl=nogit-1790936776","/_next/static/chunks/3hy4f5dlm3hqf.js?dpl=nogit-1790936776","/_next/static/chunks/0llqhg6-bxn_b.js?dpl=nogit-1790936776","/_next/static/chunks/1ku-vdy4ggo41.js?dpl=nogit-1790936776","/_next/static/chunks/04pw9vpn2wezi.js?dpl=nogit-1790936776","/_next/static/chunks/2dx-vzwyw9a3g.js?dpl=nogit-1790936776","/_next/static/chunks/04zr-wqafvwoa.js?dpl=nogit-1790936776","/_next/static/chunks/37oe4_azebkh6.js?dpl=nogit-1790936776","/_next/static/chunks/0k-y_4mcfub-p.js?dpl=nogit-1790936776","/_next/static/chunks/0r7hf3r-7wi-w.js?dpl=nogit-1790936776","/_next/static/chunks/1s6j_7_p0ugo9.js?dpl=nogit-1790936776","/_next/static/chunks/0k3581c5est85.js?dpl=nogit-1790936776","/_next/static/chunks/2uzea6b173htc.js?dpl=nogit-1790936776","/_next/static/chunks/03ff00u5689yw.js?dpl=nogit-1790936776","/_next/static/chunks/075i0tnxt4not.js?dpl=nogit-1790936776","/_next/static/chunks/3jia3kgen87vp.js?dpl=nogit-1790936776","/_next/static/chunks/13gj59kzq50t_.js?dpl=nogit-1790936776","/_next/static/chunks/2tom8_rk-gmeh.js?dpl=nogit-1790936776","/_next/static/chunks/3x_-spr91qs0c.js?dpl=nogit-1790936776","/_next/static/chunks/1u4k5v04xsltr.js?dpl=nogit-1790936776","/_next/static/chunks/1d7tjnrc0fv5y.js?dpl=nogit-1790936776","/_next/static/chunks/2ywjv53bqy6tq.js?dpl=nogit-1790936776","/_next/static/chunks/3wqp-h5xnebw9.js?dpl=nogit-1790936776","/_next/static/chunks/1lsxkfxy262n-.js?dpl=nogit-1790936776","/_next/static/chunks/37eine4sgbepr.js?dpl=nogit-1790936776","/_next/static/chunks/0z_oky3704907.js?dpl=nogit-1790936776","/_next/static/chunks/1ksyn9m68446d.js?dpl=nogit-1790936776","/_next/static/chunks/1_mai2ew48jvc.js?dpl=nogit-1790936776","/_next/static/chunks/3ybwgs28on6c8.js?dpl=nogit-1790936776","/_next/static/chunks/2leuonyicz6gk.js?dpl=nogit-1790936776","/_next/static/chunks/0zg1om_k0m5zv.js?dpl=nogit-1790936776","/_next/static/chunks/0_e0vb210svk3.js?dpl=nogit-1790936776","/_next/static/chunks/1hnuhh5t7cfaj.js?dpl=nogit-1790936776","/_next/static/chunks/2u1q43gtwo_9f.js?dpl=nogit-1790936776"],"Gingerbread"] 35:I[647935,["/_next/static/chunks/39xwo21u32kk3.js?dpl=nogit-1790936776","/_next/static/chunks/2epfhfe5im7r6.js?dpl=nogit-1790936776","/_next/static/chunks/13_9hjun60hj-.js?dpl=nogit-1790936776","/_next/static/chunks/3mz725-y91ph6.js?dpl=nogit-1790936776","/_next/static/chunks/3idr5td_y0l2x.js?dpl=nogit-1790936776","/_next/static/chunks/0u008gt6051u7.js?dpl=nogit-1790936776","/_next/static/chunks/1odwrcl12kfnl.js?dpl=nogit-1790936776","/_next/static/chunks/2bxmml65nu49g.js?dpl=nogit-1790936776","/_next/static/chunks/0zkcxwtbsqliz.js?dpl=nogit-1790936776","/_next/static/chunks/3ao1re0xmmur_.js?dpl=nogit-1790936776","/_next/static/chunks/1v3yeqs4syiu6.js?dpl=nogit-1790936776","/_next/static/chunks/1h4wccj42vygd.js?dpl=nogit-1790936776","/_next/static/chunks/3ht89vb0p09bm.js?dpl=nogit-1790936776","/_next/static/chunks/3ml3vooxhiupb.js?dpl=nogit-1790936776","/_next/static/chunks/19ijf68pshdcn.js?dpl=nogit-1790936776","/_next/static/chunks/3jpl-42mbad5n.js?dpl=nogit-1790936776","/_next/static/chunks/2os7nxouq91eq.js?dpl=nogit-1790936776","/_next/static/chunks/3ocoqwe4aht_u.js?dpl=nogit-1790936776","/_next/static/chunks/30ejopwuj9-ez.js?dpl=nogit-1790936776","/_next/static/chunks/3r5hh4t0jf4es.js?dpl=nogit-1790936776","/_next/static/chunks/0viymfxbftnxg.js?dpl=nogit-1790936776","/_next/static/chunks/0v4byuex1x38h.js?dpl=nogit-1790936776","/_next/static/chunks/3lz9pr5v38m4h.js?dpl=nogit-1790936776","/_next/static/chunks/1coblm1-go81_.js?dpl=nogit-1790936776","/_next/static/chunks/2mv9l1xl_aa4j.js?dpl=nogit-1790936776","/_next/static/chunks/1_p5v4n7583_r.js?dpl=nogit-1790936776","/_next/static/chunks/3fht_ul1qhe08.js?dpl=nogit-1790936776","/_next/static/chunks/3hy4f5dlm3hqf.js?dpl=nogit-1790936776","/_next/static/chunks/0llqhg6-bxn_b.js?dpl=nogit-1790936776","/_next/static/chunks/1ku-vdy4ggo41.js?dpl=nogit-1790936776","/_next/static/chunks/04pw9vpn2wezi.js?dpl=nogit-1790936776","/_next/static/chunks/2dx-vzwyw9a3g.js?dpl=nogit-1790936776","/_next/static/chunks/04zr-wqafvwoa.js?dpl=nogit-1790936776","/_next/static/chunks/37oe4_azebkh6.js?dpl=nogit-1790936776","/_next/static/chunks/0k-y_4mcfub-p.js?dpl=nogit-1790936776","/_next/static/chunks/0r7hf3r-7wi-w.js?dpl=nogit-1790936776","/_next/static/chunks/1s6j_7_p0ugo9.js?dpl=nogit-1790936776","/_next/static/chunks/0k3581c5est85.js?dpl=nogit-1790936776","/_next/static/chunks/2uzea6b173htc.js?dpl=nogit-1790936776","/_next/static/chunks/03ff00u5689yw.js?dpl=nogit-1790936776","/_next/static/chunks/075i0tnxt4not.js?dpl=nogit-1790936776","/_next/static/chunks/3jia3kgen87vp.js?dpl=nogit-1790936776","/_next/static/chunks/13gj59kzq50t_.js?dpl=nogit-1790936776","/_next/static/chunks/2tom8_rk-gmeh.js?dpl=nogit-1790936776","/_next/static/chunks/3x_-spr91qs0c.js?dpl=nogit-1790936776","/_next/static/chunks/1u4k5v04xsltr.js?dpl=nogit-1790936776","/_next/static/chunks/1d7tjnrc0fv5y.js?dpl=nogit-1790936776","/_next/static/chunks/2ywjv53bqy6tq.js?dpl=nogit-1790936776","/_next/static/chunks/3wqp-h5xnebw9.js?dpl=nogit-1790936776","/_next/static/chunks/1lsxkfxy262n-.js?dpl=nogit-1790936776","/_next/static/chunks/37eine4sgbepr.js?dpl=nogit-1790936776","/_next/static/chunks/0z_oky3704907.js?dpl=nogit-1790936776","/_next/static/chunks/1ksyn9m68446d.js?dpl=nogit-1790936776","/_next/static/chunks/1_mai2ew48jvc.js?dpl=nogit-1790936776","/_next/static/chunks/3ybwgs28on6c8.js?dpl=nogit-1790936776","/_next/static/chunks/2leuonyicz6gk.js?dpl=nogit-1790936776","/_next/static/chunks/0zg1om_k0m5zv.js?dpl=nogit-1790936776","/_next/static/chunks/0_e0vb210svk3.js?dpl=nogit-1790936776","/_next/static/chunks/1hnuhh5t7cfaj.js?dpl=nogit-1790936776","/_next/static/chunks/2u1q43gtwo_9f.js?dpl=nogit-1790936776"],"RecordResourceResume"] 36:I[830476,["/_next/static/chunks/39xwo21u32kk3.js?dpl=nogit-1790936776","/_next/static/chunks/2epfhfe5im7r6.js?dpl=nogit-1790936776","/_next/static/chunks/13_9hjun60hj-.js?dpl=nogit-1790936776","/_next/static/chunks/3mz725-y91ph6.js?dpl=nogit-1790936776","/_next/static/chunks/3idr5td_y0l2x.js?dpl=nogit-1790936776","/_next/static/chunks/0u008gt6051u7.js?dpl=nogit-1790936776","/_next/static/chunks/1odwrcl12kfnl.js?dpl=nogit-1790936776","/_next/static/chunks/2bxmml65nu49g.js?dpl=nogit-1790936776","/_next/static/chunks/0zkcxwtbsqliz.js?dpl=nogit-1790936776","/_next/static/chunks/3ao1re0xmmur_.js?dpl=nogit-1790936776","/_next/static/chunks/1v3yeqs4syiu6.js?dpl=nogit-1790936776","/_next/static/chunks/1h4wccj42vygd.js?dpl=nogit-1790936776","/_next/static/chunks/3ht89vb0p09bm.js?dpl=nogit-1790936776","/_next/static/chunks/3ml3vooxhiupb.js?dpl=nogit-1790936776","/_next/static/chunks/19ijf68pshdcn.js?dpl=nogit-1790936776","/_next/static/chunks/3jpl-42mbad5n.js?dpl=nogit-1790936776","/_next/static/chunks/2os7nxouq91eq.js?dpl=nogit-1790936776","/_next/static/chunks/3ocoqwe4aht_u.js?dpl=nogit-1790936776","/_next/static/chunks/30ejopwuj9-ez.js?dpl=nogit-1790936776","/_next/static/chunks/3r5hh4t0jf4es.js?dpl=nogit-1790936776","/_next/static/chunks/0viymfxbftnxg.js?dpl=nogit-1790936776","/_next/static/chunks/0v4byuex1x38h.js?dpl=nogit-1790936776","/_next/static/chunks/3lz9pr5v38m4h.js?dpl=nogit-1790936776","/_next/static/chunks/1coblm1-go81_.js?dpl=nogit-1790936776","/_next/static/chunks/2mv9l1xl_aa4j.js?dpl=nogit-1790936776","/_next/static/chunks/1_p5v4n7583_r.js?dpl=nogit-1790936776","/_next/static/chunks/3fht_ul1qhe08.js?dpl=nogit-1790936776","/_next/static/chunks/3hy4f5dlm3hqf.js?dpl=nogit-1790936776","/_next/static/chunks/0llqhg6-bxn_b.js?dpl=nogit-1790936776","/_next/static/chunks/1ku-vdy4ggo41.js?dpl=nogit-1790936776","/_next/static/chunks/04pw9vpn2wezi.js?dpl=nogit-1790936776","/_next/static/chunks/2dx-vzwyw9a3g.js?dpl=nogit-1790936776","/_next/static/chunks/04zr-wqafvwoa.js?dpl=nogit-1790936776","/_next/static/chunks/37oe4_azebkh6.js?dpl=nogit-1790936776","/_next/static/chunks/0k-y_4mcfub-p.js?dpl=nogit-1790936776","/_next/static/chunks/0r7hf3r-7wi-w.js?dpl=nogit-1790936776","/_next/static/chunks/1s6j_7_p0ugo9.js?dpl=nogit-1790936776","/_next/static/chunks/0k3581c5est85.js?dpl=nogit-1790936776","/_next/static/chunks/2uzea6b173htc.js?dpl=nogit-1790936776","/_next/static/chunks/03ff00u5689yw.js?dpl=nogit-1790936776","/_next/static/chunks/075i0tnxt4not.js?dpl=nogit-1790936776","/_next/static/chunks/3jia3kgen87vp.js?dpl=nogit-1790936776","/_next/static/chunks/13gj59kzq50t_.js?dpl=nogit-1790936776","/_next/static/chunks/2tom8_rk-gmeh.js?dpl=nogit-1790936776","/_next/static/chunks/3x_-spr91qs0c.js?dpl=nogit-1790936776","/_next/static/chunks/1u4k5v04xsltr.js?dpl=nogit-1790936776","/_next/static/chunks/1d7tjnrc0fv5y.js?dpl=nogit-1790936776","/_next/static/chunks/2ywjv53bqy6tq.js?dpl=nogit-1790936776","/_next/static/chunks/3wqp-h5xnebw9.js?dpl=nogit-1790936776","/_next/static/chunks/1lsxkfxy262n-.js?dpl=nogit-1790936776","/_next/static/chunks/37eine4sgbepr.js?dpl=nogit-1790936776","/_next/static/chunks/0z_oky3704907.js?dpl=nogit-1790936776","/_next/static/chunks/1ksyn9m68446d.js?dpl=nogit-1790936776","/_next/static/chunks/1_mai2ew48jvc.js?dpl=nogit-1790936776","/_next/static/chunks/3ybwgs28on6c8.js?dpl=nogit-1790936776","/_next/static/chunks/2leuonyicz6gk.js?dpl=nogit-1790936776","/_next/static/chunks/0zg1om_k0m5zv.js?dpl=nogit-1790936776","/_next/static/chunks/0_e0vb210svk3.js?dpl=nogit-1790936776","/_next/static/chunks/1hnuhh5t7cfaj.js?dpl=nogit-1790936776","/_next/static/chunks/2u1q43gtwo_9f.js?dpl=nogit-1790936776"],"FlashcardAccessBranch"] 37:I[315438,["/_next/static/chunks/39xwo21u32kk3.js?dpl=nogit-1790936776","/_next/static/chunks/2epfhfe5im7r6.js?dpl=nogit-1790936776","/_next/static/chunks/13_9hjun60hj-.js?dpl=nogit-1790936776","/_next/static/chunks/3mz725-y91ph6.js?dpl=nogit-1790936776","/_next/static/chunks/3idr5td_y0l2x.js?dpl=nogit-1790936776","/_next/static/chunks/0u008gt6051u7.js?dpl=nogit-1790936776","/_next/static/chunks/1odwrcl12kfnl.js?dpl=nogit-1790936776","/_next/static/chunks/2bxmml65nu49g.js?dpl=nogit-1790936776","/_next/static/chunks/0zkcxwtbsqliz.js?dpl=nogit-1790936776","/_next/static/chunks/3ao1re0xmmur_.js?dpl=nogit-1790936776","/_next/static/chunks/1v3yeqs4syiu6.js?dpl=nogit-1790936776","/_next/static/chunks/1h4wccj42vygd.js?dpl=nogit-1790936776","/_next/static/chunks/3ht89vb0p09bm.js?dpl=nogit-1790936776","/_next/static/chunks/3ml3vooxhiupb.js?dpl=nogit-1790936776","/_next/static/chunks/19ijf68pshdcn.js?dpl=nogit-1790936776","/_next/static/chunks/3jpl-42mbad5n.js?dpl=nogit-1790936776","/_next/static/chunks/2os7nxouq91eq.js?dpl=nogit-1790936776","/_next/static/chunks/3ocoqwe4aht_u.js?dpl=nogit-1790936776","/_next/static/chunks/30ejopwuj9-ez.js?dpl=nogit-1790936776","/_next/static/chunks/3r5hh4t0jf4es.js?dpl=nogit-1790936776","/_next/static/chunks/0viymfxbftnxg.js?dpl=nogit-1790936776","/_next/static/chunks/0v4byuex1x38h.js?dpl=nogit-1790936776","/_next/static/chunks/3lz9pr5v38m4h.js?dpl=nogit-1790936776","/_next/static/chunks/1coblm1-go81_.js?dpl=nogit-1790936776","/_next/static/chunks/2mv9l1xl_aa4j.js?dpl=nogit-1790936776","/_next/static/chunks/1_p5v4n7583_r.js?dpl=nogit-1790936776","/_next/static/chunks/3fht_ul1qhe08.js?dpl=nogit-1790936776","/_next/static/chunks/3hy4f5dlm3hqf.js?dpl=nogit-1790936776","/_next/static/chunks/0llqhg6-bxn_b.js?dpl=nogit-1790936776","/_next/static/chunks/1ku-vdy4ggo41.js?dpl=nogit-1790936776","/_next/static/chunks/04pw9vpn2wezi.js?dpl=nogit-1790936776","/_next/static/chunks/2dx-vzwyw9a3g.js?dpl=nogit-1790936776","/_next/static/chunks/04zr-wqafvwoa.js?dpl=nogit-1790936776","/_next/static/chunks/37oe4_azebkh6.js?dpl=nogit-1790936776","/_next/static/chunks/0k-y_4mcfub-p.js?dpl=nogit-1790936776","/_next/static/chunks/0r7hf3r-7wi-w.js?dpl=nogit-1790936776","/_next/static/chunks/1s6j_7_p0ugo9.js?dpl=nogit-1790936776","/_next/static/chunks/0k3581c5est85.js?dpl=nogit-1790936776","/_next/static/chunks/2uzea6b173htc.js?dpl=nogit-1790936776","/_next/static/chunks/03ff00u5689yw.js?dpl=nogit-1790936776","/_next/static/chunks/075i0tnxt4not.js?dpl=nogit-1790936776","/_next/static/chunks/3jia3kgen87vp.js?dpl=nogit-1790936776","/_next/static/chunks/13gj59kzq50t_.js?dpl=nogit-1790936776","/_next/static/chunks/2tom8_rk-gmeh.js?dpl=nogit-1790936776","/_next/static/chunks/3x_-spr91qs0c.js?dpl=nogit-1790936776","/_next/static/chunks/1u4k5v04xsltr.js?dpl=nogit-1790936776","/_next/static/chunks/1d7tjnrc0fv5y.js?dpl=nogit-1790936776","/_next/static/chunks/2ywjv53bqy6tq.js?dpl=nogit-1790936776","/_next/static/chunks/3wqp-h5xnebw9.js?dpl=nogit-1790936776","/_next/static/chunks/1lsxkfxy262n-.js?dpl=nogit-1790936776","/_next/static/chunks/37eine4sgbepr.js?dpl=nogit-1790936776","/_next/static/chunks/0z_oky3704907.js?dpl=nogit-1790936776","/_next/static/chunks/1ksyn9m68446d.js?dpl=nogit-1790936776","/_next/static/chunks/1_mai2ew48jvc.js?dpl=nogit-1790936776","/_next/static/chunks/3ybwgs28on6c8.js?dpl=nogit-1790936776","/_next/static/chunks/2leuonyicz6gk.js?dpl=nogit-1790936776","/_next/static/chunks/0zg1om_k0m5zv.js?dpl=nogit-1790936776","/_next/static/chunks/0_e0vb210svk3.js?dpl=nogit-1790936776","/_next/static/chunks/1hnuhh5t7cfaj.js?dpl=nogit-1790936776","/_next/static/chunks/2u1q43gtwo_9f.js?dpl=nogit-1790936776"],"TopicFlashcardRunner"] 24:[["$","$L33",null,{"feature":"flashcards"}],"$L34",["$","$L35",null,{"href":"/a-level/economics/aqa/marginal-average-and-total-revenue/flashcards","label":"1.4.6 Marginal, average and total revenue","subjectCode":"a_level_economics__aqa","surface":"flashcards"}],["$","$L36",null,{"runner":["$","div",null,{"className":"min-h-0 flex-1 overflow-hidden bg-background","children":["$","$L37",null,{"decks":[{"id":"559feb8e-fcc5-4d27-824d-b431978234a5","title":"1.4.6 Marginal, average and total revenue Flashcards","topicId":"dc8f00a0-af74-5b8d-9cc1-33a4b3d9079a","topicSlug":"marginal-average-and-total-revenue","cards":[{"id":"87669606-221a-429b-a1b4-4721ed36efcd","cardType":"cloze","points":null,"front":"Total revenue is calculated as $\\text{[...]}$.","back":"Total revenue is calculated as $\\boxed{TR=P\\times Q}$.","mcqOptions":[{"text":"$$TR=P\\times Q$","correct":true,"explanation":"Total revenue equals the price received per unit multiplied by the quantity sold, so $TR=P\\times Q$ measures the firm's entire sales income."},{"text":"$$TR=P+Q$","correct":false,"explanation":"Adding price and quantity mixes different types of measurement and cannot calculate revenue. Total revenue is found by multiplying price per unit by quantity sold: $TR=P\\times Q$."},{"text":"$$TR=P\\div Q$","correct":false,"explanation":"Dividing price by quantity gives neither total revenue nor a meaningful revenue measure. The required calculation multiplies the price per unit by the number of units sold: $TR=P\\times Q$."},{"text":"$$TR=Q\\div P$","correct":false,"explanation":"This reverses the relationship between price and quantity and produces the wrong measure. Total revenue is price multiplied by quantity, expressed as $TR=P\\times Q$."}]},{"id":"16199282-16d4-48a1-9045-2c3d4d8a8467","cardType":"cloze","points":null,"front":"Average revenue is calculated as $\\text{[...]}$.","back":"Average revenue is calculated as $\\boxed{AR=\\dfrac{TR}{Q}}$.","mcqOptions":[{"text":"$$AR=\\dfrac{TR}{Q}$","correct":true,"explanation":"Average revenue is revenue earned per unit sold, so total revenue is divided by the quantity sold: $AR=\\dfrac{TR}{Q}$."},{"text":"$$AR=TR\\times Q$","correct":false,"explanation":"Multiplying total revenue by quantity increases the figure instead of finding revenue per unit. Average revenue is total revenue divided by quantity: $AR=\\dfrac{TR}{Q}$."},{"text":"$$AR=\\dfrac{Q}{TR}$","correct":false,"explanation":"This reverses the numerator and denominator, producing quantity per unit of revenue rather than revenue per unit. The correct formula is $AR=\\dfrac{TR}{Q}$."},{"text":"$$AR=\\dfrac{TR}{P}$","correct":false,"explanation":"Dividing total revenue by price does not calculate revenue per unit and effectively reproduces quantity. Average revenue uses quantity as the divisor: $AR=\\dfrac{TR}{Q}$."}]},{"id":"8ef1549b-2568-474a-b320-3004d125ef5b","cardType":"cloze","points":null,"front":"Marginal revenue is [ ].","back":"Marginal revenue is the change in total revenue from selling one more unit.","mcqOptions":[{"text":"the change in total revenue from selling one more unit","correct":true,"explanation":"Marginal revenue measures the additional total revenue generated by selling one extra unit, so it is the change in total revenue from that additional sale."},{"text":"the total revenue earned from selling all units","correct":false,"explanation":"This describes total revenue, not marginal revenue. Marginal revenue focuses only on the change in total revenue caused by selling one additional unit."},{"text":"the average revenue earned per unit sold","correct":false,"explanation":"This describes average revenue, calculated as total revenue divided by quantity. Marginal revenue instead measures the change in total revenue from one more unit."},{"text":"the change in average revenue from selling one more unit","correct":false,"explanation":"Marginal revenue concerns changes in total revenue, not changes in average revenue. It measures the additional total revenue received from selling one more unit."}]},{"id":"07f39121-33f2-4631-bc40-eb59fbffd382","cardType":"cloze","points":null,"front":"The firm's demand curve is its [ ].","back":"The firm's demand curve is its average revenue curve.","mcqOptions":[{"text":"average revenue curve","correct":true,"explanation":"Average revenue equals the price received per unit, and the firm's demand curve shows the price consumers will pay for each quantity. Therefore, the two curves coincide."},{"text":"marginal revenue curve","correct":false,"explanation":"Marginal revenue shows the extra revenue from one more unit and is usually below price for a price-maker. Demand shows price at each quantity, so it is the average revenue curve."},{"text":"total revenue curve","correct":false,"explanation":"Total revenue shows the firm's overall sales income at each output, rather than the price per unit. The demand curve corresponds to average revenue because average revenue equals price."},{"text":"average cost curve","correct":false,"explanation":"Average cost shows cost per unit, not the price consumers are willing to pay. The demand curve is the firm's average revenue curve because average revenue equals price."}]},{"id":"2a8b56ec-0bd5-4699-8680-39e3a91e8503","cardType":"cloze","points":null,"front":"For a price-taker, $\\text{[...]}$.","back":"For a price-taker, $\\boxed{AR=MR=P}$.","mcqOptions":[{"text":"$$AR=MR=P$","correct":true,"explanation":"A price-taker accepts a fixed market price, so each extra unit adds the same price to revenue. Both average revenue and marginal revenue therefore equal price."},{"text":"$$AR>P>MR$","correct":false,"explanation":"A price-taker does not have average revenue above the market price or marginal revenue below it. With a constant price, $AR$, $MR$, and $P$ are equal."},{"text":"$$MR>AR=P$","correct":false,"explanation":"Marginal revenue does not exceed average revenue when every unit is sold at the same price. For a price-taker, both measures equal the market price: $AR=MR=P$."},{"text":"$$P>AR>MR$","correct":false,"explanation":"This ordering describes neither a constant-price seller nor the price-taker model. A price-taker sells each unit at the same price, making $AR=MR=P$."}]},{"id":"64993d5b-0ffa-4cd3-b939-9c6ad340cb4d","cardType":"cloze","points":null,"front":"For a price-maker, $\\text{[...]}$.","back":"For a price-maker, $\\boxed{MR<AR}$.","mcqOptions":[{"text":"$$MR<AR$","correct":true,"explanation":"A price-maker must reduce price to sell additional units. The lower price applies to the extra revenue calculation, so marginal revenue is below average revenue, which equals price."},{"text":"$$MR=AR$","correct":false,"explanation":"Equality occurs for a price-taker facing a horizontal demand curve. A price-maker must cut price to sell more, causing marginal revenue to fall below average revenue."},{"text":"$$MR>AR$","correct":false,"explanation":"Marginal revenue does not exceed average revenue when increasing sales requires a price reduction. The lower price on additional sales makes $MR<AR$ for a price-maker."},{"text":"$$MR=0$","correct":false,"explanation":"Marginal revenue is zero only at the output where total revenue is maximised, not for every price-maker. Generally, a price-maker has $MR<AR$."}]},{"id":"6db7d0d0-1704-4756-8592-a95a8404f681","cardType":"basic","points":1,"front":"A firm sells 2 units at $\\pounds 8$ each. What is total revenue?","back":"$\\pounds 16$.","mcqOptions":[{"text":"$\\pounds 16$.","correct":true,"explanation":"Total revenue is price multiplied by quantity: $\\pounds 8\\times2=\\pounds 16$. This is the firm's total income from selling both units."},{"text":"$\\pounds 10$","correct":false,"explanation":"Adding the price and quantity gives $\\pounds 10$, but revenue requires multiplication. Using $TR=P\\times Q$ gives $\\pounds 8\\times2=\\pounds 16$."},{"text":"$\\pounds 4$","correct":false,"explanation":"Dividing the price by the quantity gives $\\pounds 4$, which is not total revenue. Total revenue is calculated by multiplying price by units sold, giving $\\pounds 16$."},{"text":"$\\pounds 24$","correct":false,"explanation":"This overstates revenue by using an incorrect calculation rather than price times quantity. The correct total is $\\pounds 8\\times2=\\pounds 16$."}]},{"id":"7d6de2d7-277a-4a90-9af5-96d596263aec","cardType":"basic","points":1,"front":"A firm earns $\\pounds 21$ from selling 3 units. What is average revenue?","back":"$\\pounds 7$ per unit.","mcqOptions":[{"text":"$\\pounds 7$ per unit.","correct":true,"explanation":"Average revenue is total revenue divided by quantity: $\\pounds 21\\div3=\\pounds 7$ per unit. It represents the revenue earned from each unit on average."},{"text":"$\\pounds 18$ per unit","correct":false,"explanation":"Subtracting the quantity from total revenue is not the average revenue calculation. Dividing $\\pounds 21$ by 3 units gives the correct average of $\\pounds 7$ per unit."},{"text":"$\\pounds 24$ per unit","correct":false,"explanation":"Adding total revenue and quantity does not measure revenue per unit. Average revenue requires division: $\\pounds 21\\div3=\\pounds 7$ per unit."},{"text":"$\\pounds 63$ per unit","correct":false,"explanation":"Multiplying total revenue by quantity reverses the required operation and greatly exaggerates the result. Average revenue is $\\pounds 21\\div3=\\pounds 7$ per unit."}]},{"id":"7678578d-4181-41a6-b695-864ed9ab7920","cardType":"basic","points":1,"front":"Total revenue rises from $\\pounds 16$ at 2 units to $\\pounds 21$ at 3 units. What is the third unit's marginal revenue?","back":"$\\pounds 5$.","mcqOptions":[{"text":"$\\pounds 5$.","correct":true,"explanation":"Marginal revenue is the change in total revenue from one additional unit: $\\pounds 21-\\pounds 16=\\pounds 5$. Therefore, the third unit adds $\\pounds 5$."},{"text":"$\\pounds 7$.","correct":false,"explanation":"This is the average revenue at 3 units, found by $\\pounds 21\\div3$, rather than the third unit's marginal revenue. Subtracting total revenues gives $\\pounds 5$."},{"text":"$\\pounds 16$.","correct":false,"explanation":"This is the total revenue at 2 units, not the change caused by selling the third unit. Marginal revenue is $\\pounds 21-\\pounds 16=\\pounds 5$."},{"text":"$\\pounds 37$.","correct":false,"explanation":"Adding the two total revenue figures incorrectly combines income from different output levels. Marginal revenue requires their difference, so the third unit's contribution is $\\pounds 5$."}]},{"id":"ab23fa08-e9be-4e78-89c6-0f0deda8d28f","cardType":"basic","points":1,"front":"What happens to total revenue while marginal revenue is positive?","back":"Total revenue rises.","mcqOptions":[{"text":"Total revenue rises.","correct":true,"explanation":"Positive marginal revenue means each additional unit adds to total revenue. As long as the extra unit increases revenue, total revenue rises."},{"text":"Total revenue falls.","correct":false,"explanation":"Falling total revenue corresponds to negative marginal revenue. Positive marginal revenue means the additional unit increases total revenue, so total revenue rises."},{"text":"Total revenue is unchanged.","correct":false,"explanation":"Unchanged total revenue occurs when marginal revenue is zero. A positive marginal revenue means each additional unit adds revenue, causing total revenue to rise."},{"text":"Total revenue reaches zero.","correct":false,"explanation":"Positive marginal revenue does not imply that total revenue is zero; it indicates that total revenue is increasing. Total revenue rises whenever marginal revenue is positive."}]},{"id":"5c51c4fd-33d4-49ff-8e60-daa2db92995a","cardType":"basic","points":1,"front":"What is marginal revenue when total revenue reaches its maximum?","back":"Marginal revenue is zero.","mcqOptions":[{"text":"Marginal revenue is zero.","correct":true,"explanation":"At the maximum point of total revenue, an additional unit no longer increases revenue. The change in total revenue is therefore zero, making marginal revenue zero."},{"text":"Marginal revenue is positive.","correct":false,"explanation":"Positive marginal revenue would still be increasing total revenue, so the maximum would not yet have been reached. At maximum total revenue, marginal revenue is zero."},{"text":"Marginal revenue is negative.","correct":false,"explanation":"Negative marginal revenue means additional output reduces total revenue, which occurs after the maximum. At the maximum itself, marginal revenue is zero."},{"text":"Marginal revenue is equal to total revenue.","correct":false,"explanation":"Marginal revenue measures the change in total revenue, whereas total revenue is the accumulated amount earned. At maximum total revenue, that change is zero."}]},{"id":"bcc9cbc8-852c-40b7-b22d-9fe084a624c3","cardType":"basic","points":1,"front":"What happens to total revenue when marginal revenue becomes negative?","back":"Total revenue falls.","mcqOptions":[{"text":"Total revenue falls.","correct":true,"explanation":"Negative marginal revenue means selling an additional unit reduces total revenue. Consequently, once marginal revenue becomes negative, total revenue falls as output increases."},{"text":"Total revenue rises.","correct":false,"explanation":"Total revenue rises when marginal revenue is positive. Negative marginal revenue means the extra unit lowers total revenue, so total revenue falls."},{"text":"Total revenue is unchanged.","correct":false,"explanation":"Unchanged total revenue corresponds to zero marginal revenue. When marginal revenue is negative, the additional unit reduces total revenue, causing it to fall."},{"text":"Total revenue reaches its maximum.","correct":false,"explanation":"Total revenue reaches its maximum when marginal revenue is zero, before marginal revenue becomes negative. Negative marginal revenue indicates that total revenue is already falling."}]},{"id":"c0b39a6e-ee5c-4173-89c8-c37e985c669c","cardType":"basic","points":2,"front":"Why does average revenue equal price?","back":"Dividing $P\\times Q$ by $Q$ leaves $AR=P$.","mcqOptions":[{"text":"Dividing $P\\times Q$ by $Q$ leaves $AR=P$.","correct":true,"explanation":"Since $AR=TR\\div Q$ and $TR=P\\times Q$, substituting gives $AR=(P\\times Q)\\div Q=P$. Quantity cancels, leaving the price per unit."},{"text":"Dividing $P\\times Q$ by $P$ leaves $AR=Q$.","correct":false,"explanation":"Dividing by price cancels price and leaves quantity, but average revenue requires dividing total revenue by quantity. Thus $AR=(P\\times Q)\\div Q=P$."},{"text":"Adding $P$ and $Q$ leaves $AR=P+Q$.","correct":false,"explanation":"Average revenue is not found by adding price and quantity, which also combines different units. Dividing $P\\times Q$ by $Q$ cancels quantity and leaves $AR=P$."},{"text":"Dividing $P\\times Q$ by $Q$ leaves $AR=Q$.","correct":false,"explanation":"The quantity factor cancels when $P\\times Q$ is divided by $Q$, leaving price rather than quantity. Therefore, the correct result is $AR=P$."}]},{"id":"3ed9db70-b576-4dd8-869a-92e3764d892e","cardType":"basic","points":2,"front":"Why does the average revenue curve trace the firm's demand curve?","back":"Both show the price at which each quantity is sold.","mcqOptions":[{"text":"Both show the price at which each quantity is sold.","correct":true,"explanation":"Average revenue equals the price received per unit, while the demand curve shows the price associated with each quantity demanded. Both therefore plot price against quantity."},{"text":"Both show the total cost of producing each quantity.","correct":false,"explanation":"Total cost is represented by a cost curve, not the firm's demand or average revenue curve. These curves show the price received at each quantity sold."},{"text":"Both show the extra revenue from each quantity sold.","correct":false,"explanation":"Extra revenue from an additional unit is marginal revenue. Average revenue and demand instead show the price at which each quantity is sold."},{"text":"Both show the profit earned from each quantity sold.","correct":false,"explanation":"Profit depends on revenue minus cost and is not what either curve directly displays. Average revenue and demand both show the price corresponding to each quantity."}]},{"id":"47aa25e8-e803-406b-8e97-bf32db8fa9ad","cardType":"basic","points":2,"front":"Why is a price-maker's marginal revenue below its price?","back":"Selling more requires a price cut, pulling MR below price.","mcqOptions":[{"text":"Selling more requires a price cut, pulling MR below price.","correct":true,"explanation":"A price-maker faces a downward-sloping demand curve, so increasing sales requires lowering price. The loss on existing units means the additional revenue is below the unit's price."},{"text":"Selling more requires a price increase, pushing MR below price.","correct":false,"explanation":"A price increase would normally reduce quantity demanded and does not explain the relationship. A price-maker cuts price to sell more, causing marginal revenue to fall below price."},{"text":"Selling more requires a constant price, making MR below price.","correct":false,"explanation":"A constant price would make the extra revenue from each unit equal to price, so $MR=AR=P$. Marginal revenue falls below price because a price-maker must cut price."},{"text":"Selling more requires a price cut, pushing MR above price.","correct":false,"explanation":"Although a price cut is required, it reduces revenue on units that could otherwise have been sold at the higher price. Consequently, marginal revenue is below price, not above it."}]},{"id":"adc87604-310f-49ab-89da-98401e607926","cardType":"basic","points":1,"front":"If average revenue falls by $\\pounds 1$ per extra unit, by how much does marginal revenue fall?","back":"Marginal revenue falls by $\\pounds 2$ per extra unit.","mcqOptions":[{"text":"Marginal revenue falls by $\\pounds 2$ per extra unit.","correct":true,"explanation":"With a straight-line demand curve, marginal revenue falls at twice the rate of average revenue. Therefore, a $\\pounds 1$ fall in average revenue implies a $\\pounds 2$ fall in marginal revenue."},{"text":"Marginal revenue falls by $\\pounds 1$ per extra unit.","correct":false,"explanation":"This treats marginal revenue as falling at the same rate as average revenue. For a straight-line demand relationship, marginal revenue falls twice as quickly, so the fall is $\\pounds 2$."},{"text":"Marginal revenue falls by $\\pounds 3$ per extra unit.","correct":false,"explanation":"Multiplying the average revenue fall by three is an unsupported rate error. The marginal revenue curve has twice the gradient of the average revenue curve, giving a $\\pounds 2$ fall."},{"text":"Marginal revenue falls by $\\pounds 0.50$ per extra unit.","correct":false,"explanation":"Halving the average revenue change reverses the relationship between the two curves. Marginal revenue falls at twice the rate of average revenue, so it falls by $\\pounds 2$."}]},{"id":"767889b5-afd3-4e46-96a8-3c9f36a359ea","cardType":"basic","points":1,"front":"How does the slope of a price-maker's straight-line MR curve compare with its AR curve?","back":"The MR curve is twice as steep.","mcqOptions":[{"text":"The MR curve is twice as steep.","correct":true,"explanation":"For a price-maker, reducing price to sell extra output causes MR to fall twice as quickly as AR, so the straight-line MR curve is twice as steep."},{"text":"The MR curve is the same steepness.","correct":false,"explanation":"This treats marginal revenue as changing at the same rate as average revenue. Because the lower price applies to all units, MR falls twice as quickly, making it twice as steep."},{"text":"The MR curve is half as steep.","correct":false,"explanation":"This reverses the relationship between the two curves. A price reduction lowers revenue on existing units as well as the extra unit, so MR is twice as steep as AR."},{"text":"The MR curve is three times as steep.","correct":false,"explanation":"The extra revenue effect is doubled, not tripled, when price falls along a straight-line demand curve. Therefore, MR is twice as steep as AR."}]},{"id":"e1d59e27-09cc-424f-b87b-4be7f4042327","cardType":"basic","points":1,"front":"Where does a straight-line MR curve meet the quantity axis relative to AR?","back":"At half the quantity of the AR intercept.","mcqOptions":[{"text":"At half the quantity of the AR intercept.","correct":true,"explanation":"For a straight-line AR curve, the corresponding MR curve reaches the quantity axis halfway between zero output and the AR intercept, because MR is twice as steep."},{"text":"At the same quantity as the AR intercept.","correct":false,"explanation":"This confuses the AR and MR intercepts. Since MR is twice as steep and starts from the same price intercept, it reaches zero at half the quantity of the AR intercept."},{"text":"At twice the quantity of the AR intercept.","correct":false,"explanation":"A steeper downward slope reaches the quantity axis sooner, not later. The MR intercept is therefore at half the quantity of the AR intercept, rather than twice its quantity."},{"text":"At one-quarter the quantity of the AR intercept.","correct":false,"explanation":"This applies an excessive effect from the steeper slope. Doubling the steepness halves the horizontal intercept, so MR meets the quantity axis at half the AR quantity."}]},{"id":"fbaecb26-2d7f-4a8f-ac31-17f799e434c7","cardType":"basic","points":1,"front":"In the example, price is $\\pounds 5$ at 5 units. What is total revenue?","back":"$\\pounds 25$.","mcqOptions":[{"text":"$\\pounds 25$.","correct":true,"explanation":"Total revenue equals price multiplied by quantity. Selling 5 units at £5 each gives $5 \\times 5 = \\pounds 25$."},{"text":"$\\pounds 10$.","correct":false,"explanation":"This adds the price and quantity rather than multiplying them. Total revenue is calculated as price multiplied by units sold, giving $5 \\times 5 = \\pounds 25$."},{"text":"$\\pounds 20$.","correct":false,"explanation":"This can result from using an incorrect quantity or making an arithmetic slip. Multiplying the price of £5 by 5 units gives total revenue of $\\pounds 25$."},{"text":"$\\pounds 30$.","correct":false,"explanation":"This overstates revenue by £5, commonly from adding an extra unit or miscalculating the multiplication. The correct calculation is $5 \\times 5 = \\pounds 25$."}]},{"id":"980eb42e-911f-4cbf-910a-cc26bf052fad","cardType":"basic","points":1,"front":"In the example, a sixth unit is sold at $\\pounds 4$ after total revenue was $\\pounds 25$. What is its marginal revenue?","back":"$-\\pounds 1$.","mcqOptions":[{"text":"$-\\pounds 1$.","correct":true,"explanation":"Marginal revenue is the change in total revenue from selling one more unit. Revenue falls from £25 to £24, so the sixth unit has marginal revenue of -£1."},{"text":"$\\pounds 1$.","correct":false,"explanation":"This ignores that total revenue decreases when the sixth unit is sold. The change is £24 - £25, giving marginal revenue of -£1 rather than positive £1."},{"text":"$-\\pounds 4$.","correct":false,"explanation":"This uses the new price as though it were marginal revenue. Marginal revenue measures the change in total revenue, so £24 - £25 equals -£1."},{"text":"$\\pounds 4$.","correct":false,"explanation":"The unit price is not automatically the marginal revenue for a price-maker. Total revenue falls from £25 to £24, making the marginal revenue of the extra unit -£1."}]}]}],"examCountdown":{"examDate":"2027-05-10","paperLabel":"Paper 1"},"heading":"1.4.6 Marginal, average and total revenue","title":"1.4.6 Marginal, average and total revenue Flashcards","topbar":{"backHref":"/a-level/economics/aqa/flashcards"},"topicSidebar":"$L38"}]}],"topicId":"dc8f00a0-af74-5b8d-9cc1-33a4b3d9079a","walled":"$L39"}],"$L3a","$L3b"]