1.4 Production, costs and revenue

1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32

Question 27

A local honey producer, 'Bee-Sweet', has recorded its weekly costs and profits for different output levels of honey jars, as shown in the table below.

Table 1

Output (jars)	Total Cost (£)	Profit (£)
50	420	180
100	740	260
150	1110	240

When the firm increases its weekly output from

50 to 100, the price falls by £1

50 to 100, the price falls by £2

100 to 150, the price falls by £2

100 to 150, the price falls by £1.50

1.4 Production, costs and revenue

1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32

Question 27

A local honey producer, 'Bee-Sweet', has recorded its weekly costs and profits for different output levels of honey jars, as shown in the table below.

Table 1

Output (jars)	Total Cost (£)	Profit (£)
50	420	180
100	740	260
150	1110	240

When the firm increases its weekly output from

50 to 100, the price falls by £1

50 to 100, the price falls by £2

100 to 150, the price falls by £2

100 to 150, the price falls by £1.50

1.4 Production, costs and revenue

Question 27

Table 1

1.4 Production, costs and revenue Questions

1.4 Production, costs and revenue

Question 27

Table 1

1.4 Production, costs and revenue Questions