O-LevelEconomicsMicroeconomic decision makers2281/11 · May/June 2015 · Q141 Mark
In 2009, Gulf Airlines, which was making a loss, stated it would reduce the number of new aircraft on order. If it did this, which of its costs would be directly affected?
Afixed costs
Bmarginal costs
Copportunity costs
Dvariable costs
✓ Correct answer
A: fixed costs
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