Edexcel IGCSE Economics Averages

Practise Edexcel IGCSE Economics averages by identifying average cost as total cost divided by quantity produced and avoiding formula distractors.

Exam points

Identify average cost as total cost divided by quantity produced in a business calculation.
Distinguish average cost from fixed, variable or revenue-per-unit distractors.

[Maximum number: 1]

Which one of the following is the formula for calculating average cost?

$\frac{\text { Total fixed cost }}{\text { Quantity produced }}$

$\frac{\text { Total revenue }}{\text { Quantity produced }}$

$\frac{\text { Total cost }}{\text { Quantity produced }}$

$\frac{\text { Total variable cost }}{\text { Quantity produced }}$

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