Back to the full dot-point answer
WalesEconomicsQuick questions
Exploring Economic Behaviour (A2 Unit 3)
Quick questions on Costs, revenues and profit - WJEC A-Level Economics
2short Q&A pairs drawn directly from our worked dot-point answer. For full context and worked exam questions, read the parent dot-point page.
What is q1?Show answer
State the profit-maximising rule for a firm. [1 mark]
What is q2?Show answer
Explain why normal profit is treated as a cost of production. [3 marks]
Have a question we have not covered?
This dot-point answer is short enough that we have not extracted many short questions yet. Read the full dot-point answer or ask Mo, our study assistant, in the chat for follow ups.