| Price | Number of notebooks sold (Quantity) |
|---|---|
| £25 | 8 |
| £23 | 9 |
| £20 | 10 |
Using the data in Table 3, the marginal revenue of the 10th notebook sold is:
−£7-£7−£7
£0
£20
£200
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.