👑Microeconomics and Consumer Behavior  Essays

Discuss whether or not a firm that produces a wide range of products can take advantage of economies of scale.

Discuss whether or not increasing sales of a product will be beneficial to a firm.

Analyse how specialisation can benefit firms.

Discuss whether or not a merger will increase profits.

Discuss whether living standards are always lower in developing countries than in developed countries.

Explain why a firm may decide to use more labour and less capital in producing its products. ➡️1 mark each for each of two reasons identified:

Analyse how investment in research and development can help a firm to grow in size.

Discuss whether or not demand for coffee is likely to rise in the future.

Analyse how a taxi firm could make use of information about the price elasticity of demand for its service.

Explain the challenges facing small firms.

Analyse why price can be lower in a monopoly market than in perfect competition.

Explain why a firm would want to specialise in producing only one product.