Economics Multiple Choice Question – 4 December 2018

The home of multiple choice questions for all your KS3, KS4 and KS5 Business Studies, Economics and Accounting requirements.

A firm’s shutdown point is the output and price at which the firm just covers its ……… ?

Select ONE answer:

  1. marginal cost.
  2. total variable cost.
  3. total cost.
  4. total fixed cost.

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 4

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