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1.4 Production, costs, revenue and profit

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Question 64

A mobile pet-grooming business adds a second van. It charges £55 for every appointment and fills all available appointments.

Before expansionAfter expansion
Appointments per month320500
Total cost per month£12,800£18,000

Which conclusion is supported by the data?

[1]
A

Average cost rises, and total profit rises

B

Average cost falls, and total profit falls

C

Average cost falls, and total profit rises

D

Average cost rises, and total profit falls

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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