The diagram illustrates a firm’s fixed costs, variable costs and total costs at output $S$. Which distance shows the firm’s variable costs?
- APQ
- BPS
- CQR
- DQS
Economics 0455 · IGCSE · Firms’ costs, revenue and objectives
Economics 0455 · IGCSE · Firms’ costs, revenue and objectives
The diagram illustrates a firm’s fixed costs, variable costs and total costs at output $S$. Which distance shows the firm’s variable costs?