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1.4 Production, costs, revenue and profit

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Question 77

A cinema records its ticket sales and the total ticket sales in its market over two years.

YearCinema ticket salesTotal ticket sales in the market
118,00090,000
224,000150,000
a.

Calculate the cinema's market share in each year.

[2]
b.

Explain whether the cinema has achieved the objective of increasing its market share.

[2]
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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