What this practice covers
These questions are drawn from past AQA A-Level papers and filtered to revenue and profit. You answer, you find out immediately whether you were right, and you get the reasoning for the correct option and for each distractor. Wrong answers go to a mistakes locker so you can come back to exactly those.
Practice is free. You need an account only so your progress and your mistakes are still there next time.
Start practising Paper 3 MCQs →
What examiners see students get wrong here
These are the errors that cost marks on revenue and profit, taken from our own topic notes. Read them before you practise and you will recognise the traps in the questions.
- Saying normal profit means zero profit. It is zero economic profit but a positive accounting return, and it is a cost.
- Drawing MR anywhere other than twice the gradient, cutting the axis halfway along AR.
- Forgetting that in perfect competition AR = MR = price.
- Confusing revenue maximisation (MR = 0) with sales maximisation (AR = ATC).
- Giving the shut-down point as ATC rather than AVC in the short run.
- Stating MC = MR without the marginal reasoning behind it.
Revise it first
If any of the above is unfamiliar, work through the notes before practising: Revenue and Profit revision notes.