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2.6 Production

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Question 10

A firm produces and sells 750 units at £24 each. Fixed costs are £6,000 and variable cost is £10 per unit. Which pair is correct?

[1]
A

Average cost is £18 and profit is £4,500

B

Average cost is £10 and profit is £7,500

C

Average cost is £8 and profit is £12,000

D

Average cost is £24 and profit is zero

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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