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O-LevelEconomicsMicroeconomic decision makers2281/11 · May/June 2024 · Q131 Mark

A firm has fixed costs of 20 and the following total variable costs. output,total variable costs () 10,40 20,60 30,80 40,100 What happens to average total cost over this output range?

AIt falls continuously.
BIt falls then rises.
CIt rises continuously.
DIt rises then falls.

✓ Correct answer

A: It falls continuously.

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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 2024 Paper 1 Variant 1, question 13.

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