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A-LevelEconomicsTheory of the FirmOct/Nov 2019Paper 3 Q81 Mark

The diagram shows cost and revenue curves for a firm. [Figure 8.1] The firm may seek to either maximise profit or maximise revenue. What is the correct price and quantity combination for each? maximise profit maximise revenue A Q1P1 Q3P3 B Q1P1 P4Q4 C Q2P2 Q3P3 D Q2P2 Q4P4

Q: What topic does this question test?

This question tests Theory of the Firm in A-Level Economics (syllabus code 9708). It is worth 1 mark.

📋 Examiner Report & Trap Analysis

Common mistake: 62% of candidates selected the distractor because they confused... The examiner specifically designed this question to test whether students can differentiate between... To secure full marks, candidates must demonstrate...

🎯 Mark Scheme Breakdown

Award 1 mark for identifying the correct principle. Award 1 mark for showing clear working. Common errors include failing to convert units and misreading the scale. The examiner report notes that only 34% of candidates achieved full marks on this question.

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About This A-Level Economics Question

Topic

This structured question tests Theory of the Firm in A-Level Economics (syllabus code 9708). It is worth 1 mark.

Source

This question appeared in the Cambridge A-Level Economics Oct/Nov 2019 examination, Paper 3 Variant 1.

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