A-LevelEconomicsThe price system and the microeconomy9708/32 · Oct/Nov 2017 · Q21 Mark
In 2015, a large mining company said it would reduce the number of staff by 6000 and sell its less profitable mines in an attempt to become more efficient. If it is successful, what is most likely to happen to its costs? total fixed cost | total variable cost | average cost --- | --- | --- A | fall | fall | fall B | fall | fall | no change C | fall | no change | fall D | no change | fall | fall
Mark scheme
Marking points from the official mark scheme (Oct/Nov 2017). The mark or mark type is shown in brackets.
- [1] A
Write your answer and get it marked
On Oracle Prep you can write or photograph your own answer and have it marked by AI against this mark scheme, with feedback on what you missed.
Sign up free →