In one week, GreenLeaf Nursery produces 2,400 plants and sells 2,100 of them at £8 each. Its fixed costs are £4,800 and its variable cost is £2.50 per plant produced.
Calculate GreenLeaf Nursery’s weekly profit or loss. Include your calculations.
83 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.