Quelpr
2 marksMarket Structure

CAPE Economics Unit 1 · 2005 · Paper 1 · Question 11(a)

Jack's Inc. paid wages of 20,000, rent of 2,000, and interest of 1,500, achieving a profit of 5,000.

Calculate the total cost of production for Jack's Inc.

The mark scheme is shown once you've answered.

Practise this question

Other parts of this question

  1. 11(b)Match EACH of the four factors of production (land, labour, capital, and entrepreneurship) with the dollar amount paid by Jack's Inc.[4 marks]

More practice: the rest of this paper · more Market Structure questions · all CAPE Economics Unit 1 past papers