Memorsing content can only take you so far, so use exam questions effectively to prepare yourself for the actual exam. This document will help you do so, it contains a mix of exam style questions with extract/sources just like the real exam. The marks are for AS level but you can just as easily use...
, Edexcel A Level Economics (A)
Unit Assessment – 3.3 Revenues, Costs and Profits
Total marks: 50
Time allowed: 1 hour
Section A
ANSWER ALL THE QUESTIONS
1a A car manufacturer responds to an increase in demand by expanding its output. If the new level of
output is beyond its minimum efficient scale, which of the following best describes its situation?
A Falling long run average costs o
B External economies of scale o
C Diseconomies of scale o
D Internal economies of scale o
(1 mark)
1b With reference to this diagram, state whether demand will be price elastic or inelastic at
i) output levels Q1
ii) output level Q2
(2 marks)
Answer to part i)
Page 2 Edexcel A Level Economics (A) Unit Assessment www.tutor2u.net/economics
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