Economics 0455 · IGCSE · Firms’ costs, revenue and objectives

Firms’ costs, revenue and objectives — practice question

In 2009, Gulf Airlines, which was making a loss, said that it would cut the number of new aircraft it had ordered. If it did so, which of its costs would be directly influenced?

  • Afixed costs
  • Bmarginal costs
  • Copportunity costs
  • Dvariable costs

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