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

Firms’ costs, revenue and objectives — practice question

If a firm makes 100 units, its total variable cost is $300$ and its total fixed cost is $2700$. What is the average total cost?

  • A$3$
  • B$24$
  • C$27$
  • D$30$

Worked solution & mark scheme

This 1-mark question has a full step-by-step worked solution and mark scheme.

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