
OCR Economics 2.6 revision
Authored by Sarah-Jane Pattison
Social Studies
12th Grade
Used 1+ times

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8 questions
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1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
The table shows the cost of insurance for a car, depending on the age of the driver. Which of the following statements is correct?
A 20-year-old driver pays twice as much as a 50-year-old driver
A 30-year-old driver pays £500 less than a 20-year-old driver
The smallest change in insurance payment is between the ages of 30 and 40
The largest percentage change in insurance payment is between the ages of 40 and 50
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
As a result of its growth, a business can now afford to advertise on local radio. This is an example of which economy of scale?
Financial
Increased dimensions
Marketing
Purchasing
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
The table shows the total revenue of a firm. If output increases from 1 to 4, what is the change in the firm’s average revenue?
+ £28
- £3
£10
£18
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which of the following is an example of an economy of scale?
Bulk-buying of materials
Increased raw material costs
Sustainable production
Unemployment
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
The table shows a firm’s output and its average costs of production. It can sell output at £3 per unit. What is the maximum possible profit?
£0
£20
£40
£60
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
The table shows some cost and output data for 2018 for a firm producing gloves. In 2019, variable costs increased by 15% but fixed costs and output did not change. Calculate the firm’s total costs in 2019.
£6900
£18 000
£18 900
£20 700
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which of the following is an example of an external economy of scale?
Bulk-buying
Financial
Location
Risk-bearing
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