Economics Multiple Choice Question – 28 November 2018

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

If marginal revenue exceeds marginal cost, to increase its profit the firm will …….. ?

Select ONE answer:

  1. increase its output.
  2. keep its output the same.
  3. shut down.
  4. decrease its output.

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 1

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