A-LevelEconomicsThe price system and the microeconomy9708/31 · Oct/Nov 2018 · Q71 Mark

The diagram shows a profit-maximising firm's cost and revenue curves. [Figure: Diagram showing cost, revenue on y-axis, output on x-axis, with curves MR, MC, AR, AC and points W, X, Y, Z on the x-axis.] What would be the increase in the firm's output if it was required to charge a price equal to marginal cost? A WX B WY C XY D XZ

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Marking points from the official mark scheme (Oct/Nov 2018). The mark or mark type is shown in brackets.

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Topic: The price system and the microeconomy, A-Level Economics (syllabus 9708). Structured question, 1 mark.
Source: A-Level Economics, Oct/Nov 2018 Paper 3 Variant 1, question 7.

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