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A-LevelEconomicsThe price system and the microeconomy9708/32 · Feb/Mar 2019 · Q111 Mark

When a firm increases all its inputs fourfold, its output increases threefold.

  1. What does this illustrate? A decreasing marginal costs B decreasing returns to scale C economies of scale D the law of diminishing returns[1]

Mark scheme

Marking points from the official mark scheme (Feb/Mar 2019). The mark or mark type is shown in brackets.

  1. [1] B

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About this question

Topic
The price system and the microeconomy, A-Level Economics (syllabus 9708). Structured question, 1 mark.
Source
A-Level Economics, Feb/Mar 2019 Paper 3 Variant 2, question 11.

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