Economics 9708/31 — May/June 2016
Cambridge A-Level · A Level Multiple Choice · answer key with instant marking and worked solutions
Topics Demand for and Supply of Labour · Efficiency and Market Failure · Performance of Firms in Different Market Structures · Growth and Survival of Firms · Costs of Production · Economic Development and Living Standards · +17 more
Tap an option under each question to check it — your score builds as you go.
A firm increases its production.
When will this result in efficiency?
Options
A when the cost of producing the last extra unit equals the value the consumers place on it
B when the cost of producing the last extra unit is at a minimum
C when the total cost of production equals the value that consumers place on the total product
D when the total revenue reaches a maximum
The rest of this paper
29 more questions- Q2Efficiency and Market Failure1M
- Q3Externalities, Social Costs and Benefits1M
- Q4Utility Theory1M
- Q5Indifference Curves and Budget Lines1M
- Q6Market Structures1M
- Q7Performance of Firms in Different Market Structures1M
- Q8Growth and Survival of Firms1M
- Q9Performance of Firms in Different Market Structures · Costs of Production1M
- Q10Objectives and Pricing Policies of Firms1M
- Q11Revenue and Profit1M
- Q12Costs of Production1M
- Q13Growth and Survival of Firms1M
- Q14Demand for and Supply of Labour1M
- Q15Demand for and Supply of Labour · Wage Determination and Labour Market Intervention1M
- Q16Demand for and Supply of Labour1M
- Q17Equity, Poverty and Redistribution1M
- Q18Efficiency and Market Failure · Government Policies to Correct Market Failure1M
- Q19Economic Development and Living Standards1M
- Q20Economic Growth and Sustainability1M
- Q21Characteristics of Countries at Different Levels of Development1M
- Q22Demand for and Supply of Labour · Economic Growth and Sustainability1M
- Q23Employment and Unemployment1M
- Q24Short-Run and Long-Run Production1M
- Q25Money and Banking1M
- Q26The Multiplier and National Income Determination1M
- Q27The Multiplier and National Income Determination1M
- Q28Macroeconomic Objectives and Policy Conflicts1M
- Q29Economic Development and Living Standards · Characteristics of Countries at Different Levels of Development1M
- Q30Money and Banking · Effectiveness of Macroeconomic Policies1M