4 marks
Q1(a) From a high street restaurant's cost and revenue diagram, work out how supernormal profit changes when it moves from revenue to profit maximisation.
Edexcel · 9EC0 / 8EC0 / WEC11–14
Profit comes up in 6 questions across the Edexcel A Level, AS and International A Level past papers (9EC0 / 8EC0 / WEC11–14), worth 34 marks between them. They run from 2017 to 2025 and appear on A Level Paper 1, A Level Paper 3.
Tariffs run from 2 to 12 marks. The commonest instructions are Calculate (3), Discuss (1), Examine (1). Specification points covered: 3.3.4.
Q1(a) From a high street restaurant's cost and revenue diagram, work out how supernormal profit changes when it moves from revenue to profit maximisation.
Q6(d) Discuss one explanation for BT's higher profits, supporting the answer with a costs and revenue diagram.
Q4(a) On a nail salon's cost and revenue diagram, find how supernormal profit changes when the owner moves from profit to revenue maximisation.
Q2(b) Examine how greater state spending on dams (Extract E) might alter profits for Indonesian rice farmers; cost and revenue diagram needed.
Q4(a) Sketch a cost and revenue diagram capturing what weaker construction equipment sales do to JCB's profit, after its 6% revenue drop in 2015.
Q5(c) Using Figure 1, work out the pence profit made on a single cappuccino.
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