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Edexcel A-Level Economics QS6 Revenue, Cost and Profit Calculations

Practise Edexcel A-Level Economics cost calculations by working out marginal cost when a wage rise applies to all workers.

Syllabus
Pearson Edexcel International Advanced Subsidiary/Advanced Level
Course
Economics XEC11/YEC11
Level
AS

Exam points

  • Calculate marginal cost when hiring one extra worker raises the wage for all existing workers.
  • Avoid treating the wage rise as only the extra worker cost when total wage costs change.

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