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A-LevelEconomicsThe price system and the microeconomy9708/33 · May/June 2017 · Q71 Mark

What is true about the average fixed costs of a firm?

  1. (a)What is true about the average fixed costs of a firm? A They fall as output rises at first, but then rise. B They fall continuously as output rises. C They increase continuously as output rises. D They remain unchanged at all output levels.[1]

Mark scheme

Marking points from the official mark scheme (May/June 2017). The mark or mark type is shown in brackets.

  1. [1] Answer: B

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About this question

Topic
The price system and the microeconomy, A-Level Economics (syllabus 9708). Structured question, 1 mark.
Source
A-Level Economics, May/June 2017 Paper 3 Variant 3, question 7.

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