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1.4 Production, costs and revenue

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Question 32

Table 1: Daily Demand Schedule for Specialty Coffee Bags

Price per bag	Quantity demanded (bags per day)
£32	11
£30	12
£27	13

Using the data in Table 1, what is the marginal revenue of the 13th bag of specialty coffee sold?

$−£9-\pounds 9$

$−£3-\pounds 3$

$£27\pounds 27$

$£8\pounds 8$

Markscheme

1.4 Production, costs and revenue Questions

A Level
Economics
1.4 Production, costs and revenue

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.

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