Economics 9708 · AS & A Level · 7.5

7.5 — practice question

A business has fixed costs of $300 and is able to make two units per hour. Its total variable costs amount to $200 for one unit and $300 for two units. Which cost decreases by the smallest amount when the second unit is produced?

  • Aaverage fixed cost
  • Baverage total cost
  • Caverage variable cost
  • Dmarginal cost

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