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ZIMSEC A-Level Economics

5.1Objectives of firms

Objectives of firms in ZIMSEC A-Level Economics: what the syllabus expects you to know, the learning objectives and how to practise.
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Learning objectives

What the syllabus expects you to be able to do.

  1. 5.1.1Explain the objectives of firms: profit maximisation, survival, growth and sales maximisation.

Lessons

  • Objectives of firms

    40 min

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Sample question

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

Objectives of firms: sample question

1 mark

At the profit-maximising output of 4 units a firm has total revenue of US$48 and total cost of US$27. Calculate its profit, in US$.

Complete: US$ …

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

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