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1.4 Production, costs and revenue

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Question 3

An engineering firm specializes in manufacturing bespoke cargo e-bikes for urban delivery fleets. In its first year of operation, the firm builds and sells 150 cargo e-bikes. The firm's total revenue from these sales is £675,000£675,000£675,000, and its total production and operating costs amount to £405,000£405,000£405,000.

The average profit that the firm earns on each cargo e-bike is:

£2,700£2,700£2,700

£1,800£1,800£1,800

£4,500£4,500£4,500

£7,200£7,200£7,200

1.4 Production, costs and revenue Questions

  1. A Level
  2. /Economics
  3. /1.4 Production, costs and revenue