Economics Multiple Choice Question – 25 October 2018

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

In the figure below, when 20 units are produced the marginal cost is?

Table 29

Select ONE answer:

  1. $8.
  2. More than $8 and less than $16.
  3. Less than $8.
  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 3

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Economics Multiple Choice Question – 24 October 2018

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

In the figure below, curve B is the ________ curve?

Table 29

Select ONE answer:

  1. Average variable cost
  2. Average fixed cost
  3. Marginal cost
  4. Average total 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

Creative Commons License
This work is licensed under a Creative Commons Attribution 4.0 International License.

Economics Multiple Choice Question – 23 October 2018

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

In the figure below, curve A is the ________ curve?

Table 29

Select ONE answer:

  1. Average variable cost
  2. Average fixed cost
  3. Marginal cost
  4. Average total 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 3

Creative Commons License
This work is licensed under a Creative Commons Attribution 4.0 International License.

Economics Multiple Choice Question – 22 October 2018

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

In the figure below, curve C is the ________ curve?

Table 29

Select ONE answer:

  1. Average variable cost
  2. Average fixed cost
  3. Marginal cost
  4. Average total 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 1

Creative Commons License
This work is licensed under a Creative Commons Attribution 4.0 International License.

Economics Multiple Choice Question – 21 October 2018

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

When marginal cost is greater than average total cost, the ……..?

Select ONE answer:

  1. Marginal cost decreases as output increases.
  2. Average total cost decreases as output increases.
  3. Marginal cost does not change as output increases.
  4. Average total cost increases as output increases.

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

Creative Commons License
This work is licensed under a Creative Commons Attribution 4.0 International License.