Day: November 24, 2018

Economics Multiple Choice Question – 24 November 2018

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

The firm’s goal is to …..……. ?

Select ONE answer:

  1. maximize its normal profit.
  2. maximize its economic profit.
  3. maximize its industry’s revenue.
  4. maximize its total revenue.

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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