Paper 1 October/November 2003 Economics (9708/01) A Level
CIE
AS & A Level
Economics (9708)
بهمن
2003
مشاهده نمونه سوال
شامل مباحث:
AS Level
تعداد سوالات: 30
سطح دشواری:
متوسط
شروع:
آزاد
پایان:
آزاد
مدت پاسخگویی:
60 دقیقه
پیش نمایش صفحه اول فایل
Arefe Naderlouei The diagram shows the cost and revenue curves of an oligopolist. In the initial situation, $A{C_1}$ is its average cost curve, $M{C_1}$ is its marginal cost curve and the firm is in equilibrium at output OQ and price OP.
The cost of labour rises, so that $A{C_2}$ and $M{C_2}$ become the relevant cost curves.
What should the firm do to maximise profit in this new situation?
