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Economics (AS & A Level) · Feb / March 2024 · Paper 32 · Question 6

9708Differing objectives and policies of firms

The diagram shows the costs and revenues of a firm operating in an imperfect market. The firm is currently producing at the profit maximising level of output. It wishes to produce at the sales maximising level of output. What would be the change in its output?

  1. AOW to OX
  2. BOW to OY
  3. COW to OZ
  4. DOY to OZ

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Correct answer: C. OW to OZ

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