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O-LevelEconomicsMicroeconomic decision makers2281/11 · Oct/Nov 2011 · Q191 Mark

The table shows how a firm's total cost rises with changes in output. What is the average fixed cost of producing 5000 units?

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A$4
B$5
C$6
D$10

✓ Correct answer

A: $4

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About this question

Topic
Microeconomic decision makers, O-Level Economics (syllabus 2281). Multiple choice, 1 mark.
Source
O-Level Economics, Oct/Nov 2011 Paper 1 Variant 1, question 19.

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