Subsection 3.5. Firms for Economics, O Level - revisedeck

3.5. Firms

A subsection of Economics, 2281, through 3. Microeconomic decision makers

Listing 10 of 136 questions

What is not included in microeconomics?

2281_s21_qp_12

MCQ

2021

Paper 1, Variant 2

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Which topic is not included in microeconomics?

2281_s22_qp_11

MCQ

2022

Paper 1, Variant 1

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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?

2281_s23_qp_11

MCQ

2023

Paper 1, Variant 1

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Increasing returns to scale means that if all inputs are doubled, output will A remain the same. B increase but less than double. C double. D more than double.

2281_w08_qp_1

MCQ

2008

Paper 1, Variant 0

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The table shows output and total cost of a firm with four production methods, A–D. Which method causes diseconomies of scale as the firm expands production from 1000 to 3000 units?

2281_w21_qp_13

MCQ

2021

Paper 1, Variant 3

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The diagram shows the average total cost (ATC) for a firm, in the long run. O costs output ATC2 ATC1 What would cause the shift from ATC1 to ATC2?

2281_w24_qp_12

MCQ

2024

Paper 1, Variant 2

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Questions Discovered

136