Skip to content

Course home

Sign up

1.4 Production, costs, revenue and profit

EasyMediumHard
12345678910111213141516171819
Question 9

Table 1 shows weekly labour data for two firms making identical wooden boxes.

FirmWorkersHours per workerHourly wageWeekly output
A835£122240
B635£141680

Using Table 1, which statement about labour cost per box is correct?

[1]
A

Firm A has the lower labour cost per box at £1.50

B

Firm A has the lower labour cost per box at £1.75

C

Firm B has the lower labour cost per box at £1.50

D

Firm B has the lower labour cost per box at £1.75

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