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Edexcel A-Level Economics A2 3.3.2 2c Formulae to Calculate and Understand the Relationship Between Total Cost Total Questions

Study Edexcel Economics cost questions by calculating fixed, variable, average and total costs and interpreting their effects on output, prices and profit.

Syllabus
First assessment 2019
Course
Economics YEC11
Level
A2

Exam points

  • derive TFC from zero output, then calculate TVC, AFC, AVC or ATC from a cost table
  • calculate marginal cost from changes in total cost and recognise the downward-sloping AFC curve
  • derive total cost from revenue and profit data, then calculate an absolute or percentage change
  • distinguish variable-cost shifts of AC and MC from a fixed-cost shift of AC alone
  • evaluate profit effects using cost-change size, demand, implementation time and offsetting savings

Edexcel A-Level Economics A2 3.3.2 2c Formulae to Calculate and Understand the Relationship Between Total Cost Total Questions question 1

[Maximum number: 1]

The table shows the costs for a small hairdressing business as it increases the number of haircuts.

Table for Question Edexcel A-Level Economics A2 3.3.2 2c Formulae to Calculate and Understand the Relationship Between Total Cost Total Questions question 1 — Edexcel A-Level Economics A2
A

$ 4.00

B

$ 8.00

C

$ 8.66

D

$ 12.50

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