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Cambridge IGCSE Economics

3.4Firms

Firms in Cambridge IGCSE Economics: what the syllabus expects you to know, the learning objectives and how to practise.
Subtopic66 practice questions4 lessons

In this topic

Lessons

  • Private and public sector firms and public corporations

    30 min

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  • Stages of production and value addition

    25 min

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  • Small and large firms, growth and mergers

    35 min

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  • Economies and diseconomies of scale

    35 min

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Sample question

A sample question on this topic. Answer it, check it, then read the worked answer.

Firms: sample question

1 mark

After moving to a larger plant, a fictional firm produces 4,500 units a month at a total cost of US$40,500. Calculate its average cost per unit.

Complete: US$ …

Only if the answer has a unit, e.g. cm or km/h.

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