Economics 9708 · AS & A Level · 7.5

7.5 — practice question

The diagram indicates a firm operating at Q1 on short-run average cost SRAC1. Which strategy will bring about the largest fall in average costs at this output?

  • Aincreasing its fixed factors of production only
  • Bincreasing its fixed and variable factors of production
  • Creducing its fixed factors of production only
  • Dreducing its fixed and variable factors of production

Worked solution & mark scheme

This 1-mark question has a full step-by-step worked solution and mark scheme.

  • Full mark scheme, point by point
  • Step-by-step worked solution
  • Write your answer & get it marked instantly by AI