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A-LevelEconomicsThe price system and the microeconomy9708/32 · Feb/Mar 2017 · Q61 Mark

When a firm doubles its variable inputs, its fixed inputs are unchanged and output less than doubles. What does this illustrate?

  1. (a)A decreasing average cost B decreasing marginal cost C diminishing returns D diseconomies of scale[1]

Mark scheme

Marking points from the official mark scheme (Feb/Mar 2017). The mark or mark type is shown in brackets.

  1. [1] Answer: C

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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 2017 Paper 3 Variant 2, question 6.

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