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1.4 Production, costs, revenue and profit

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Question 16

Table 1 shows weekly data for an electronics refurbishment centre in two periods.

Period 1Period 2
Devices checked3,0003,200
Number of workers1210
Total wage bill£7,200£7,200

Calculate the percentage change from Period 1 to Period 2 in:

  • labour productivity
  • labour cost per device checked.

Give both answers to one decimal place.

[4]
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.

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