Business 9609 · AS & A Level · Costs

Costs — practice question

(a)[2]

Define what is meant by the term ‘marginal cost’.

(b)[3]

Briefly explain, using examples, two further types of business costs.

Worked solution & mark scheme

This 5-mark question has a full step-by-step worked solution and mark scheme. One marking point: “The cost of producing one extra unit of output” …

  • Full mark scheme, point by point
  • Step-by-step worked solution
  • Write your answer & get it marked instantly by AI