Economics Multiple Choice Question – 13 October 2018

The home of multiple choice questions for all your KS3, KS4 and KS5 Business Studies, Economics and Accounting requirements.

A firm’s total product curve shows?

Select ONE answer:

  1. How the cost of the fixed resources change when output changes.
  2. How the quantity of output changes when the quantity of labor changes.
  3. That inefficiency is not possible.
  4. That in the long run, the firm must adjust the quantity of all the resources it employs.

Show your workings to arrive at your answer, and explain and justify your reasons:……………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………

This multiple choice question is suitable for Economics KS5 classes.

The answer is 2

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