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Cambridge IGCSE Economics practice

What is the formula for Average Total Cost (ATC)?

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Show answerFirms’ costs, revenue and objectives revisionRevise the key idea

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MCQ

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Firms’ costs, revenue and objectives

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What is the formula for Average Total Cost (ATC)?.

  1. A.ATC = TC / Quantity
  2. B.ATC = FC + VC
  3. C.ATC = FC / Quantity
  4. D.ATC = VC / Quantity

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Paper 2 structured question: Firms’ costs, revenue and objectives

Paper 2Structured Questions3 marks

Description

Production Cost Analysis

Calculate the Average Total Cost (ATC), Average Fixed Cost (AFC), and Average Variable Cost (AVC) for the company.

  1. a

    Calculate the Average Total Cost (ATC), Average Fixed Cost (AFC), and Average Variable Cost (AVC).

    Aim for approximately 3 distinct marking points.

    [3]