Which one of the following does not vary with output in the short-run?
Select ONE answer:
- Total revenue
- Total costs
- Fixed costs
- Variable costs
Show the workings to arrive at your answer, and explain and justify your reasons:
……………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………
This multiple-choice question is suitable for Business Studies KS4 & KS3 classes
The answer is 3
- Not correct
- Not correct
- Correct
- Not correct
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