A-LevelEconomicsThe price system and the microeconomy9708/33 · Oct/Nov 2018 · Q91 Mark

What identifies the output level required to meet the stated aim of the firm? | aim of firm | produce at output where | |---|---| | A maximum efficiency | marginal cost is at a minimum | | B profit maximising | marginal cost is equal to average revenue | | C quantity of sales maximising | average revenue is equal to average cost | | D revenue maximising | marginal revenue is zero |

Mark scheme

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 3, question 9.

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