O-LevelEconomicsMicroeconomic decision makers2281/11 · May/June 2014 · Q141 Mark

The diagram shows the fixed costs, variable costs and total costs of a firm. [Figure 14.1] Which distance represents the firm's fixed costs?

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APS

BQR

CQS

DRS

✓ Correct answer

D: RS

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Topic: Microeconomic decision makers, O-Level Economics (syllabus 2281). Multiple choice, 1 mark.
Source: O-Level Economics, May/June 2014 Paper 1 Variant 1, question 14.

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