Skip to content

Course home

2.6 Production

2.6 Production

EasyMediumHard
1234567891011
Question 6

A producer's price is £18 and average revenue is £18. Output rises by 25% from 800 units, while total cost rises from £12,000 to £16,500. What is the new profit?

[1]
A

£1,500

B

£4,500

C

£6,000

D

£18,000

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.

Question bank