Day: December 8, 2018

Economics Multiple Choice Question – 8 December 2018

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

A firm’s short-run supply curve is the same as ……. ?

Select ONE answer:

  1. that portion of its marginal cost curve that lies above average fixed cost.
  2. that portion of its marginal cost curve that lies above average total cost.
  3. its entire marginal cost curve.
  4. that portion of its marginal cost curve that lies above average variable cost.

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 4

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