O-LevelEconomicsMicroeconomic decision makers2281/12 · May/June 2025 · Q131 Mark

What are fixed costs?

Acosts that are divided by the amount produced

Bcosts that are present when output is zero

Ccosts that change according to the level of output

Dcosts that decrease when output increases

✓ Correct answer

B: costs that are present when output is zero

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Topic: Microeconomic decision makers, O-Level Economics (syllabus 2281). Multiple choice, 1 mark.
Source: O-Level Economics, May/June 2025 Paper 1 Variant 2, question 13.

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