3.3 Revenues, costs and profits

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Question 4

An independent glassblowing studio in Cornwall has seen its monthly gas bills for heating its melting furnaces rise from £2,500 to £11,000. Unlike large industrial glass manufacturers, small-scale artisanal studios lack the capital to invest in energy-efficient electric furnaces or the negotiating leverage to secure long-term, fixed-price energy contracts.

Evaluate the microeconomic effects of rising energy costs on independent artisanal manufacturers or an industry of your choice.

[25]

3.3 Revenues, costs and profits

1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17

Question 4

An independent glassblowing studio in Cornwall has seen its monthly gas bills for heating its melting furnaces rise from £2,500 to £11,000. Unlike large industrial glass manufacturers, small-scale artisanal studios lack the capital to invest in energy-efficient electric furnaces or the negotiating leverage to secure long-term, fixed-price energy contracts.

Evaluate the microeconomic effects of rising energy costs on independent artisanal manufacturers or an industry of your choice.

[25]

3.3 Revenues, costs and profits

Question 4

3.3 Revenues, costs and profits Questions

3.3 Revenues, costs and profits

Question 4

3.3 Revenues, costs and profits Questions