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1.4 Production, costs, revenue and profit

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Question 25

A launderette is breaking even. Its average cost per wash then rises, while the price per wash and the number of washes sold do not change. Which statement about the launderette is correct?

[1]
A

It still breaks even, because its price per wash has not changed

B

It makes a loss, because its total revenue is now lower than before

C

It makes a loss, because its total cost now exceeds its total revenue

D

It still breaks even, because its total cost has not changed

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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