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O-LevelEconomicsMicroeconomic decision makers2281/11 · May/June 2024 · Q141 Mark

The table shows the costs and output of a firm. total cost,10000 total variable cost,8000 quantity,10 What is the average fixed cost of the firm?

A$200
B$800
C$1000
D$2000

✓ Correct answer

A: $200

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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 14.

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