A-Level真题每期一练（3）

上期真题答案：1.C 2.C 3.C  4.B 5.A

接下来是今天的真题，一起练起来呀~

1.The grid below shows the possible pricing strategies of two ice-cream companies Juju and APJ. Assuming that demand is price inelastic, which of the following strategiesshown in the grid would maximise the revenue of the two firms?

A Both firms set a high price

B APJ sets a high price and Juju a low price

C Juju sets a high price and APJ a low price

D Both firms set a low price E Both firms set aprice to increase consumer surplus             

2.A monopolist faces a downward-slopingstraight-line demand curve. 

Which diagram shows his total revenue curve(TR)?

3.Cherry runs a tanning shop and the following table shows her costs and revenues in afixed time period when she changes her prices for a treatment. Some parts ofthe table are left blank for your own calculations.

At what price range would Cherry achieve profitmaximisation?

A £20 or higher

B £20 - £18

C £18 - £16

D £14 - £12

E £10 or lower                                                 

4.The diagram shows the total revenue curve of afirm. It can be deduced that:

A Average revenue and marginal revenue will beupward sloping as output increases

B Average revenue will be equal to marginalrevenue as output increases

C Average cost will be falling as outputincreases

D The firm will be making maximum profit atoutput 0X

E Average revenue andmarginal revenue will both be falling as output increases.

5.