Subsection 3.5. Firms for Economics, IGCSE - revisedeck

3.5. Firms

A subsection of Economics, 0455, through 3. Microeconomic decision makers

Listing 10 of 152 questions

What is the definition of diseconomies of scale?

0455_s19_qp_12

MCQ

2019

Paper 1, Variant 2

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A company mining cobalt, invests in machinery to replace some workers. Eventually diseconomies of scale occur. What could cause this situation?

0455_s21_qp_11

MCQ

2021

Paper 1, Variant 1

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Increasing output of one good reduces production of another good. Which economic concept does this change represent?

0455_s21_qp_13

MCQ

2021

Paper 1, Variant 3

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The table shows the units of factors of production that a firm needs to employ for two different levels of output. output capital labour land What is the firm experiencing?

0455_s23_qp_11

MCQ

2023

Paper 1, Variant 1

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What is a reason why firms making similar products sometimes locate near each other?

0455_s23_qp_13

MCQ

2023

Paper 1, Variant 3

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What is a reason why firms making similar products sometimes locate near each other?

0455_w13_qp_11

MCQ

2013

Paper 1, Variant 1

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What is a reason why firms making similar products sometimes locate near each other?

0455_w13_qp_12

MCQ

2013

Paper 1, Variant 2

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In 2011, the UK-based Rio Tinto, the world’s second largest mining company, decided to bid for Australian Coal and Allied Industries, another mining company. Which economic concepts could be involved in this decision?

0455_w13_qp_13

MCQ

2013

Paper 1, Variant 3

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What must be falling if a firm is experiencing economies of scale?

0455_w15_qp_12

MCQ

2015

Paper 1, Variant 2

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Which form of production would be least likely to have the advantages of economies of scale?

0455_w18_qp_11

MCQ

2018

Paper 1, Variant 1

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Questions Discovered

152