Firms and production

The table lists the number of units of factors of production that a firm must use at two different output levels. What is the firm facing?

May/June 2016

The table indicates the number of units of factors of production that a firm must use at two different output levels. What is the firm experiencing?

May/June 2016

The table presents units of output, the value of output and the number of people employed in an industry across three years. What conclusion can be drawn from the table?

May/June 2018

Which kind of activity is carried out in the tertiary sector?

May/June 2018

How does specialisation raise employees’ productivity?

May/June 2019

A change in the supply of enterprise can lead to the creation of new firms. In 2016, a theme park in Hong Kong recorded a loss as visitor numbers dropped by 9%. In 2017, the same public limited company opened a second, larger theme park in Shanghai. The new theme park is expected to gain from both internal and external economies of scale.

May/June 2019

Why can many hairdressers run as small businesses?

May/June 2021

The table sets out the quantities of factors of production that a firm must use at two different output levels. What situation is the firm facing?

May/June 2023

In Canada, private sector firms have several different goals. The amount and the quality of land used by these firms, including farms, has risen. Investment has also grown, with firms purchasing more capital goods. In 2021, the Canadian government encouraged greater investment and wanted to stop unemployment from increasing.

May/June 2023

A farmer brings in machinery to assist workers during the harvest period. The farmer also cuts the number of workers by $50\%$. As a result, the total harvest rises by $25\%$. What has taken place?

May/June 2024

A restaurant has two chefs who prepare every meal that is served to customers. Which action is most likely to raise the chefs’ productivity?

May/June 2025

A man works from home making table cloths. Each day, he works for 6 hours and produces 15 table cloths per hour. He sells each one for $\$10$. He then chooses to work for just 4 hours each day. What conclusion can be drawn from the information above?

Oct/Nov 2015

One Finnish mobile (cell) phone manufacturing firm produces around 20% of the total output of all goods made in Finland. This public limited company employs more workers and purchases more capital goods than most other Finnish firms. It also provides a large share of the country’s exports.

Oct/Nov 2015

Productivity has recently declined in Finland, especially in the public sector. The country also has a comparatively large number of small firms. In recent years, the price elasticity of demand and the price elasticity of supply of the goods produced by Finnish firms have altered.

Oct/Nov 2018

What is usually regarded as an advantage for a firm when it uses division of labour?

Oct/Nov 2020

Which outcome of greater specialisation in a firm is an advantage to the firm, but a disadvantage to some of the workers in the firm?

Oct/Nov 2021

What is one benefit of labour-intensive production and what is one benefit of capital-intensive production?

Oct/Nov 2021

The table gives the cake output for four bakeries, A-D. Which bakery has the greatest labour productivity?

Oct/Nov 2021

Which consequence of greater specialisation by firms and workers is most likely to create difficulties for an economy?

Oct/Nov 2022

The large scale of the domestic car industry in Japan has allowed Japanese car producers to be more price competitive than rival car producers. What explains this?

Oct/Nov 2025

The table gives the cake output from four bakeries, A, B, C and D. Which bakery has the greatest labour productivity?

Oct/Nov 2025