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

Firms’ costs, revenue and objectives — practice question

The diagram illustrates a firm’s total cost (TC) curve. Calculate the average variable cost when the firm produces $10$ units of output.

  • A$\$4$
  • B$\$5$
  • C$\$40$
  • D$\$50$

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