O-LevelEconomicsMicroeconomic decision makers2281/11 · Oct/Nov 2011 · Q221 Mark

Which statement about total fixed cost is correct?

AIt falls as output increases.

BIt is calculated by adding total cost and total variable cost.

CIt is calculated by dividing total cost by output.

DIt must be paid even if output is zero.

✓ Correct answer

D: It must be paid even if output is zero.

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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 22.

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