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1.4 Production, costs, revenue and profit

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Question 37

Table 1 shows information about a guided walking-tour business.

MonthCustomers servedAverage cost per customer
April800£14
May1,100£12

Which additional piece of information would allow the change in its profit to be established?

[1]
A

Its total revenue in April and May

B

Its variable cost per customer in April and May

C

Its total fixed costs in April and May

D

Its market share in April and May

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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