Economics 2281 · O Level · Firms' costs, revenue and objectives

Firms' costs, revenue and objectives — practice question

During 2009, Gulf Airlines, which was operating at a loss, said that it planned to cut the number of new aircraft it had ordered. If it did so, which of its costs would be affected directly?

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

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