O-LevelEconomicsMicroeconomic decision makers2281/12 · May/June 2022 · Q91 Mark

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

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APQ

BPS

CQR

DQS

✓ Correct answer

D: QS

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Topic: Microeconomic decision makers, O-Level Economics (syllabus 2281). Multiple choice, 1 mark.
Source: O-Level Economics, May/June 2022 Paper 1 Variant 2, question 9.

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