A-LevelEconomicsThe price system and the microeconomy9708/31 · Oct/Nov 2017 · Q91 Mark
The diagram shows a firm's cost and revenue curves. [Diagram] The firm changes its objective from sales revenue maximisation to profit maximisation. How will this affect the following groups in the short run?
- customers workers A benefit benefit B benefit lose C lose benefit D lose lose[1]
This question uses a diagram from the original paper, which isn't shown here. Open the full paper from the past papers archive to see it.
Mark scheme
Marking points from the official mark scheme (Oct/Nov 2017). The mark or mark type is shown in brackets.
- [1] D
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