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CAIE IGCSE Economics 3.6.2 Calculation of Costs of Production Questions

Practise Cambridge IGCSE Economics by calculating average cost, finding missing cost values and interpreting firm cost tables and diagrams.

Syllabus
2027–2029
Course
Economics 0455

Exam points

  • Calculate average cost by dividing total cost by output and identify the required cost data.
  • Use fixed-cost, variable-cost and total-cost figures to calculate missing values at a given output.
  • Interpret cost tables and diagrams to compare average, fixed and variable costs between firms or output levels.

CAIE IGCSE Economics 3.6.2 Calculation of Costs of Production Questions question 1

[Maximum number: 1]

When it produces 100 units, a firm's total variable cost is $ 300 and its total fixed cost is $ 2700. What is the average total cost?

A

$ 3

B

$ 24

C

$ 27

D

$ 30

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