OCR · Microeconomics · Costs, revenues and profit

OCR Economics past paper questions: Costs, revenues and profit

Every OCR question on Costs, revenues and profit from 2021 to 2025: 2 essays, 2 data response questions and 16 multiple choice questions. It covers Market structures, Business growth and objectives, The economic problem and resource allocation and Demand, supply and elasticity. Each question links to its paper, mark scheme and examiner report.

Filter these in the tool

SubtopicsMarket structures 7Business growth and objectives 2The economic problem and resource allocation 1Demand, supply and elasticity 1

Essay questions on costs, revenues and profit

Data response questions on costs, revenues and profit

Multiple choice questions

  1. A-level Paper 3, June 2025, Q1

    Which point on the diagram represents productive efficiency for the firm? Costs / revenues MC AC AR O Q1 Q2Q3 Q4 Quantity MR

  2. A-level Paper 3, June 2025, Q13

  3. A-level Paper 3, June 2025, Q21

    Which of these characteristics would be found in a perfectly contestable market in the long run?

  4. A-level Paper 3, June 2025, Q29

    If a firm is operating a quantity of Q1 which objective is it most likely pursuing? Costs / MC revenues AC AR O Q1 Quantity MR

  5. AS Paper 1, June 2025, Q14

    Productive efficiency is when a firm is:

  6. A-level Paper 3, June 2024, Q6

    An oligopoly firm faces costs and revenues as shown below. If marginal cost falls from MC1 to MC2 what is the effect on price, output and profit? Costs / revenues MC1 P1 MC2 AR = D O Q1 Quantity MR Price Output Profit

  7. A-level Paper 3, June 2024, Q8

    Which of these characteristics describes a market under monopolistic competition?

  8. A-level Paper 3, June 2024, Q11

    The quantity of output at which a monopoly firm will maximise revenue is where:

  9. A-level Paper 3, June 2024, Q21

    The diagram shows a firm in a perfectly competitive market making supernormal profit in the short run. Costs / MC revenues AC AR = MR O W X Y Z Quantity What is the allocatively efficient level of output?

  10. A-level Paper 3, June 2023, Q3

  11. A-level Paper 3, June 2023, Q19

  12. A-level Paper 3, June 2023, Q26

  13. A-level Paper 3, June 2022, Q3

    The diagram below shows a firm producing Q1 units of output at a price of P1 at a particular point in time. What is likely to happen next? Costs / revenues MC AC P1 AR = MR 0 Output Q1

  14. A-level Paper 3, June 2022, Q22

  15. A-level Paper 3, October 2021, Q3

    What does point X on the diagram below represent? Costs LRAC X 0 Output

  16. A-level Paper 3, October 2021, Q14

    What is the diagram below most likely to illustrate? Costs / revenues MC AC AR 0 Output MR

Question text is quoted from the question papers, © OCR (Oxford Cambridge and RSA), 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.