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2.6 Production

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Question 30

A producer makes a profit when

[1]
A

average cost is greater than output

B

total cost equals total revenue

C

quantity sold is greater than price

D

total revenue is greater than total cost

Markscheme

2.6 Production Questions

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

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.

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