A-LevelEconomicsThe price system and the microeconomy9708/32 · May/June 2017 · Q81 Mark

The diagram shows a firm's cost and revenue curves. [Figure 8.1] The firm changes its objective from profit maximisation to sales revenue maximisation. Which groups are likely to be winners and losers as a result of this change?

The diagram shows a firm's cost and revenue curves. [Figure 8.1] The firm changes its objective from profit maximisation to sales revenue maximisation. Which groups are likely to be winners and losers as a result of this change? winners losers A customers shareholders B managers customers C workers managers D shareholders workers[1]

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Mark scheme

Marking points from the official mark scheme (May/June 2017). 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, May/June 2017 Paper 3 Variant 2, question 8.

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