Economics Multiple Choice Question – 2 December 2018

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

The figure below depicts the marginal revenue and costs of a perfectly competitive firm. The marginal cost of the last unit produced ……… ?

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Select ONE answer:

  1. $16 per unit.
  2. $4 per unit.
  3. $8 per unit.
  4. None of the above answers is correct.

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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