Revenue & Profit Revision Notes, Past Papers & Questions for Leaving Cert Economics

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What does Marginal Revenue (MR) represent in economics?

The total cost of producing one extra unit of output

The total revenue divided by the quantity of output sold

The change in total revenue from selling one additional unit of output

The price at which the product is sold in the market

The average cost of producing the goods provided by the firm

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Leaving Cert Economics Revenue & Profit Revision Notes

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Revenue & Profit Revision Notes, Past Papers & Questions for Leaving Cert Economics

Study Economics Past Papers & Marking Schemes

Revenue & Profit Revision Notes

Revenue & Profit Questions

Revenue & Profit Quizzes & Flashcards

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What does Marginal Revenue (MR) represent in economics?

Leaving Cert Economics Revenue & Profit Revision Notes

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Other Leaving Cert Economics topics to explore

Economic Concepts

Elasticity

(Old Course) FACTORS OF PRODUCTION - Capital

(Old Course) FACTORS OF PRODUCTION - Enterprise

(Old Course) FACTORS OF PRODUCTION - Land

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National Income

(Old Course) The Government & the Economy

Supply

Market Equilibrium

Cost of Production

Perfect Competition

Imperfect Competition

Oligopoly

The Price Level

The Government Budget and The National Debt

Factors of Production

Labour