Economics 9708 · AS & A Level · Long-run costs and economies of scale

Long-run costs and economies of scale — practice question

In the diagram, S1 represents an individual worker’s labour supply curve. What might make the curve move from S1 to S2?

  • Aa decrease in the hourly wage rate
  • Ba decrease in work satisfaction
  • Ca decrease in the opportunity cost of leisure
  • Da decreased preference for leisure

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