Edexcel IGCSE Economics 1.1.2.a consumer and producer assumptions
Practise assumption questions by identifying consumer or producer aims and defining producers as suppliers of goods or services.
- Syllabus
- First assessment 2019
- Course
- Economics 4EC1
Exam points
- Identify whether a scenario shows consumers maximising benefits or firms maximising profit.
- Define a producer as an agent that makes or supplies goods and services.
1.1.2.a Consumer-benefit and business-profit assumptions question 1
[Maximum number: 1]
Which one of the following describes this economic assumption?
A
Businesses aim to maximise their profit
B
Producers may complete charitable work
C
Consumers sometimes copy others' behaviour
D
Governments try to increase the number of days worked
A
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