Skip to content

Course home

Sign up

1.4 Production, costs, revenue and profit

EasyMediumHard
12345678910111213141516171819
Question 8

Output per worker rises by 25% while worker numbers, hours and the total wage bill stay unchanged. Which pair of effects is most likely?

[1]
A

Output falls by 25% and labour cost per unit falls

B

Output rises by 25% and labour cost per unit falls

C

Output rises by 25% and labour cost per unit rises

D

Output stays unchanged and labour cost per unit falls

Markscheme

1.4 Production, costs, revenue and profit Questions

  1. GCSE
  2. /Economics
  3. /1.4 Production, costs, revenue and profit

138 exam-style questions on AQA GCSE Economics 1.4 Production, costs, revenue and profit, covering 1.4.1a Business objectives, 1.4.1b Types of costs and revenue, 1.4.1c Calculating profit, 1.4.1d Profit as an incentive to produce, 1.4.1e Moral and ethical considerations, 1.4.2a Production versus productivity, 1.4.2b Factors and benefits of productivity, 1.4.3a Economies of scale and business behaviour, 1.4.3b Types of economy of scale, and 1.4.3c Diseconomies of scale. Each one has a worked solution and a mark scheme showing where the marks go.

Question bank