O-LevelEconomicsMicroeconomic decision makers2281/11 · May/June 2013 · Q191 Mark

Cocoa and sugar are used in a factory to produce chocolate. What is a fixed cost in the production of chocolate?

Acocoa

Belectricity

Crent

Dsugar

✓ Correct answer

C: rent

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Topic: Microeconomic decision makers, O-Level Economics (syllabus 2281). Multiple choice, 1 mark.
Source: O-Level Economics, May/June 2013 Paper 1 Variant 1, question 19.

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