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2.6 Production

2.6 Production

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Question 4

Average cost is calculated by dividing

[1]
A

total cost by output

B

total revenue by output

C

profit by price

D

output by total cost

Markscheme

2.6 Production Questions

  1. GCSE
  2. /Economics
  3. /2.6 Production

30 exam-style questions on OCR GCSE Economics 2.6 Production, covering 2.6.1 Role of producers, 2.6.2 Importance of production and productivity, 2.6.3 Calculate cost, revenue, profit and loss, 2.6.4 Explain cost, revenue, profit and loss, 2.6.5 Cost, revenue and profit for producers, and 2.6.6 Economies of scale. Each one has a worked solution and a mark scheme showing where the marks go.

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