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Cambridge IGCSE Economics practice

Paper 2 structured question: Firms’ costs, revenue and objectives

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Firms’ costs, revenue and objectives

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Paper 2Structured Questions2 marks

A company sells 200 units of its product at a price of $15 each.

Description

Revenue Calculation

Calculate the Total Revenue and Average Revenue for the company.

  1. a

    Calculate the Total Revenue and Average Revenue.

    Aim for approximately 2 distinct marking points.

    [2]

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Paper 2 structured question: Firms’ costs, revenue and objectives

Paper 2Structured Questions2 marks

Description

Impact of Sales on Revenue

Discuss how this change in sales affects Total Revenue and Average Revenue.

  1. a

    Discuss the impact of the decrease in sales on Total Revenue and Average Revenue.

    Aim for approximately 2 distinct marking points.

    [2]