Imani is setting up an ecological survey service. She has leased access to woodland sites, taken on two trained surveyors and bought digital measuring devices. Table 1 shows her expected weekly costs, the price she will charge and two forecasts of weekly demand.
| Item | Detail |
|---|---|
| Total weekly costs of the business | £2,400 |
| Price charged per survey | £300 |
| Forecast surveys booked per week if demand is high | 11 |
| Forecast surveys booked per week if demand is low | 5 |
Using Table 1, explain why Imani cannot be certain of earning a reward for supplying enterprise.
81 exam-style questions on AQA GCSE Economics 1.1 Economic foundations, covering 1.1.1a Needs and wants, 1.1.1b The central purpose of economic activity, 1.1.1c Key economic decisions, 1.1.1d The main economic groups, 1.1.2a The nature of an economic resource, 1.1.2b The four factors of production, 1.1.3a The basic economic problem and making choices, and 1.1.3b Opportunity cost. Each one has a worked solution and a mark scheme showing where the marks go.