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O-LevelEconomicsMicroeconomic decision makers2281/11 · May/June 2022 · Q71 Mark

The diagram shows the fixed costs, variable costs and total costs of a firm at output S. Which distance represents the firm's variable costs? [Figure 7.1]

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✓ Correct answer

D: QS

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About this question

Topic
Microeconomic decision makers, O-Level Economics (syllabus 2281). Multiple choice, 1 mark.
Source
O-Level Economics, May/June 2022 Paper 1 Variant 1, question 7.

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