GCSE Economics 3

Which of the following is unethical behaviour?

Which of these is LEAST likely to be an aim/objective in a firm's first year?

Which of these does NOT calculate profit?

Calculate profit is price is £57. Unit costs are £52 and sales are 300.

Which of these does NOT influence the price elasticity of demand for a product?

Which of these is NOT a likely benefit of increased productivity?

How can productivity rise and yet production fall?

Which of the following is a definition of revenue

Price (P) elasticity of demand (D) measures...?

Which of the following is NOT likely to make price elasticity of supply elastic?

Price rises and demand is price elastic. What will happen to total revenue?

Which of these is NOT a fixed cost?

PED is always, income elasticity of demand is sometimes, price elasticity of supply is never.?

Fixed costs do not vary according to the level of...?

Which is a definition of profit margin?

When demand is price inelastic revenue will always move in the same direction as...?

Which of the following values of price elasticity of demand is the most price elastic?

Contribution is.............?

price falls from £4 to £3. Consequently, demand rises from 30 to 36. PED is equal to...?

P falls from £10 to £8. PED is -2. What is the new level of sales if they were originally 200?