A-LevelEconomicsTheory of the Firm / Costs of ProductionOct/Nov 2017Paper 3 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
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