The table shows the price of a pack of two avocados in 3 consecutive years.
| Year | Price of avocados (£ per pack of 2) |
|---|---|
| 1 | 2.40 |
| 2 | 2.10 |
| 3 | 1.85 |
Over the 3 years, it can be concluded that there has been a fall in
the average cost of producing avocados.
the average revenue from the sale of avocados.
the consumer demand for avocados.
the total revenue from the sale of avocados.
156 exam-style questions on AQA A Level Economics 1.4 Production, costs and revenue, covering 1.4.1 Production and productivity, 1.4.2 Specialisation, division of labour and exchange, 1.4.3 The law of diminishing returns and returns to scale (A-level only), 1.4.4 Costs of production, 1.4.5 Economies and diseconomies of scale, 1.4.6 Marginal, average and total revenue, 1.4.7 Profit, and 1.4.8 Technological change (A-level only). Each one has a worked solution and a mark scheme showing where the marks go.