MCQ - 第二单元 - 4. Revenue

Question 1

Q1 A tailor has four customers for her range of suits. The table shows the yearly demand for the suits she makes.

Which price should be charged to maximise the tailor’s yearly revenue?

Answer 1

A

Question 2

Q2 Dimitry owns a firm that produces and sells bottles of lemonade. He only sells one size of bottle. How would Dimitry calculate the total revenue of the firm?

1. multiply the quantity sold by the cost per bottle
2. multiply the quantity sold by the price per bottle
3. multiply the quantity sold by the profit per bottle
4. multiply the quantity sold by the tax per bottle

Answer 2

b

Question 3

Q3 What is calculated when price is multiplied by the quantity demanded of a product?

1. average revenue
2. profit
3. total cost
4. total revenue

Answer 3

d

Question 4

Q5

Answer 4

c

Question 5

Q6 What is total revenue?

1. the money received by the firm for each additional unit of output sold
2. the price of the good multiplied by the total quantity sold
3. the revenue per unit sold divided by the quantity sold
4. the revenue per unit sold minus the cost per unit sold

Answer 5

B

Question 6

Q1 A tailor has four customers for her range of suits. The table shows the yearly demand for the suits she makes.

Which price should be charged to maximise the tailor’s yearly revenue?

Answer 6

A