O-LevelEconomicsMicroeconomic decision makers2281/12 · May/June 2015 · Q151 Mark

The diagram shows the costs of a firm. [Figure 15.1] What is the firm's total variable cost at an output of 100 units?

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A$100

B$500

C$10000

D$50000

✓ Correct answer

D: $50000

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Topic: Microeconomic decision makers, O-Level Economics (syllabus 2281). Multiple choice, 1 mark.
Source: O-Level Economics, May/June 2015 Paper 1 Variant 2, question 15.

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