◈ Oracle PrepSign Up Free
A-LevelEconomicsThe price system and the microeconomy9708/32 · Oct/Nov 2018 · Q81 Mark

A firm maximises its profits by maximising its total revenue. What does this imply?

  1. A firm maximises its profits by maximising its total revenue. What does this imply? A Average fixed cost is zero. B Average revenue is equal to average cost. C Marginal cost is zero. D Marginal revenue is greater than marginal cost.[1]

Mark scheme

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

  1. [1] C

Write your answer and get it marked

On Oracle Prep you can write or photograph your own answer and have it marked by AI against this mark scheme, with feedback on what you missed.

Sign up free →

About this question

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 2, question 8.

Questions and mark schemes are from past examination papers and remain the copyright of the exam board. How Oracle Prep builds its content

Related Economics questions

The price system and the microeconomyFeb/Mar 20161m

A rise in the price of a good is accompanied by an increase in the quantity demanded. What could explain this?

The price system and the microeconomyFeb/Mar 20161m

What causes the demand curve for an inferior good to shift to the right?

The price system and the microeconomyFeb/Mar 20161m

In a town, bus fares fall by 50% and this leads to an increase in bus use by 30%. The effect on car use is very low w…

International economic issuesFeb/Mar 20171m

Which statement is not a valid reason why a country may impose protectionist measures?

Government macroeconomic interventionFeb/Mar 20171m

A government wants to operate a tighter monetary policy. What would it increase?

International economic issuesFeb/Mar 20171m

A country has a large current account deficit. Its government decides to devalue its currency. In which circumstance …

← Browse all past-paper questions

© 2026 Oracle Prep