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

Firms' costs, revenue and objectives — practice question

The diagram illustrates a firm's costs. What is the firm's total variable cost when output is $100$ units?

  • A$100
  • B$500
  • C$10000
  • D$50000

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