O-LevelEconomicsMicroeconomic decision makers2281/13 · Oct/Nov 2023 · Q161 Mark

The table shows the costs incurred by a firm producing computers. output (thousands): 0, total costs ($ thousands): 20; output (thousands): 1, total costs ($ thousands): 1200; output (thousands): 2, total costs ($ thousands): 1350; output (thousands): 3, total costs ($ thousands): 1450. What are the fixed costs if 3000 computers are produced?

A$20000

B$1430000

C$1450000

D$4020000

✓ Correct answer

A: $20000

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Topic: Microeconomic decision makers, O-Level Economics (syllabus 2281). Multiple choice, 1 mark.
Source: O-Level Economics, Oct/Nov 2023 Paper 1 Variant 3, question 16.

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