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1.4 Production, costs, revenue and profit

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Question 38

A passenger ferry operator sells tickets at the same price in each month.

MonthTickets soldPrice per ticketTotal costs
April2,000£8£15,000
May2,400£8£15,000

What is the change in the operator's monthly profit from April to May?

[1]
A

Profit increases by £1,000

B

Profit increases by £4,200

C

Profit increases by £19,200

D

Profit increases by £3,200

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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