CSEC Economics · May/June 2016 · Paper 2 · Question 1(a)
Define the term 'diseconomies of scale'.
The mark scheme is shown once you've answered.
Practise this questionOther parts of this question
- 1(b)Identify the time period in which 'economies of scale' occur.[1 mark]
- 1(c)Identify TWO types of diseconomies of scale.[2 marks]
- 1(d)Explain how the THREE resource allocation decisions are made in a free market economy.[6 marks]
- 1(e)Identify TWO 'fixed costs' and TWO 'variable costs' associated with setting up a hairdressing salon or a barber shop.[4 marks]
More practice: the rest of this paper · more Costs of Production and Economies of Scale questions · all CSEC Economics past papers