Total variable cost ……..?
Select ONE answer:
- Does not change as output changes.
- Increases as output increases.
- Decreases as output increases.
- Initially decreases and then increases as output increases.
Show your workings to arrive at your answer, and explain and justify your reasons:……………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………
This multiple choice question is suitable for Economics KS5 classes.
The answer is 2
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