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1.4 Production, costs, revenue and profit

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Question 44

A waste-management company runs two plants that sort household waste.

Table 1

PlantAnnual waste sorted (tonnes)Annual total cost (£)
R48,0001,080,000
S64,0001,376,000

Using Table 1, calculate the reduction in Plant R's annual total cost needed for it to have the same average cost as Plant S. Show your working.

[3]
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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