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2.6 Production

2.6 Production

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Question 8

A producer earns total revenue of £48,000 and has total costs of £52,500. What is the result?

[1]
A

A profit of £4,500

B

A loss of £4,500

C

A profit of £100,500

D

A loss of £100,500

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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