Question 15
Question 15 of 30
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No letter options?
Older MCQs might not have the typical A, B, C, D choices. They have choices 1, 2, 3, and a combination of them is the answer. Below is the key that maps such combinations to the answer.
A 1, 2 and 3 are correct
B 1 and 2 only are correct
C 2 and 3 only are correct
D 1 only is correct
Topics Tested
3. Microeconomic decision...
3.7. Firms’ costs, revenue and obje...

Definition, drawing and interpretation of diagrams that show how changes in output affect costs of production.

3. Microeconomic decision...
3.6. Firms and production

Influences to include demand for the product, the price of different factors of production, their availability and their productivity.