O-LevelEconomicsMicroeconomic decision makers2281/11 · May/June 2019 · Q141 Mark

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

This question uses a diagram from the original paper, which isn't shown here. Open the full paper from the past papers archive to see it.

AWX

BWY

CXY

DXZ

✓ Correct answer

A: WX

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Topic: Microeconomic decision makers, O-Level Economics (syllabus 2281). Multiple choice, 1 mark.
Source: O-Level Economics, May/June 2019 Paper 1 Variant 1, question 14.

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