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2.6 Production

2.6 Production

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Question 4

A firm produces 400 units. Fixed costs are £3,000 and variable cost is £12 per unit. It sells every unit for £25. What profit does it make?

[1]
A

£1,200

B

£2,200

C

£5,200

D

£7,000

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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