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3.2.1 Business objectives

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Question 6

If Gymshark changes its corporate objective from profit maximisation to sales maximisation (output maximisation) subject to making at least normal profit, it will operate at an output level where:

A

price equals marginal cost

B

average revenue is equal to average cost

C

marginal revenue is equal to zero

D

marginal cost is minimised

Markscheme

3.2.1 Business objectives Questions

  1. A Level
  2. /Economics
  3. /3.2.1 Business objectives

16 exam-style questions on Edexcel A A Level Economics 3.2.1 Business objectives. Each one has a worked solution and a mark scheme showing where the marks go.

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