Edexcel IGCSE Economics Averages

Edexcel IGCSE Economics Averages
Edexcel IGCSE Economics syllabusEconomics 4EC1Issue 3 (2026)

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

How this is tested

  • 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.

Question 2(b)

[Maximum number: 1]

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

A

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

B

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

C

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

D

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