A-LevelEconomicsThe price system and the microeconomy9708/32 · Oct/Nov 2019 · Q81 Mark
A firm has the choice between five levels of output. The table shows the total cost and total revenue of producing at each output level. The firm could sell whatever output it produces. output (units) total cost () total revenue () 1000 8000 10000 2000 12000 18000 3000 19000 24000 4000 23000 28000 5000 25000 25000 The firm decides to produce 4000 units. What is the firm's aim?
- (A)to maximise profit
- (B)to maximise sales
- (C)to maximise revenue
- (D)to minimise average costs
Mark scheme
Marking points from the official mark scheme (Oct/Nov 2019). The mark or mark type is shown in brackets.
- [1] C
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