Day: April 9, 2019

The information below shows the total cost of production for a firm at different levels of output.

What is the average variable cost when 400 units are produced?

Select ONE answer:

1. £43,75
2. £87.00
3. £90.75
4. £134.50

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 3

1. AFC
2. MC
3. Correct – AVC
4. ATC

 

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