Economics Multiple Choice Question – 29 November 2018

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

Economics

John’s Lawn Care Services is a perfectly competitive firm that currently mows 20 lawns a week. John’s short-run marginal cost is higher than the price he charges and increasing. John will increase his profit if he …… ?

Select ONE answer:

  1. charges a lower price.
  2. moves more than 20 lawns a week.
  3. moves fewer than 20 lawns a week.
  4. charges a higher price.

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 3

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Author: stuart001uk2014

Referral marketing, business, economics and accounting s​pecialist & corporate mentor

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