Cambridge International (CAIE) · 7 The price system and the microeconomy (A Level) · 7.8 Differing objectives and policies of firms
Cambridge International (CAIE) Economics past paper questions: Differing objectives and policies of firms
Every Cambridge International (CAIE) question on Differing objectives and policies of firms from 2023 to 2025: 7 multiple choice questions. It covers 7.6 Different market structures and 7.5 Types of cost, revenue and profit, short-run and long-run production. Each question links to its paper, mark scheme and examiner report.
Multiple choice questions
- A-level Paper 3, November 2025, Q7
The diagram shows the cost and revenue curves for a monopolist. Which level of output represents sales maximisation?
- A-level Paper 3, March 2025, Q4
The diagram shows a firm’s cost and revenue curves. The firm changes its objective from profit maximising to revenue maximisation. Which area on the diagram will show the increase in total revenue?
- A-level Paper 3, November 2024, Q7
A bus company has a monopoly and specialises in long-distance travel. It initially sells its tickets to customers one month in advance of the journey. As the departure date approaches, the price of a ticket increases. Which kind of pricing…
- A-level Paper 3, June 2024, Q6
A firm has the choice between five levels of output. The table shows the total cost and total revenue of producing at each output level. The firm could sell whatever output it produces. The firm decides to produce 4000 units. What is the…
- A-level Paper 3, March 2024, Q6
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…
- A-level Paper 3, November 2023, Q6
A firm changes its aim and chooses to produce where marginal revenue (MR) is zero instead of where MR is equal to marginal cost (MC). Which explanation for this is not correct?
- A-level Paper 3, March 2023, Q5
At which level of output is sales maximisation achieved consistent with earning normal profit?
Question text is quoted from the question papers, © Cambridge University Press & Assessment (UCLES), for students’ private study. Open the official papers and mark schemes from the links on each question. Examiner insights are written with AI assistance and moderated by Finn.