Practice Exam Questions
Average Cost MCQ Revision Question
- Level:
- AS, A-Level, IB
- Board:
- AQA, Edexcel, OCR, IB, Eduqas, WJEC
Last updated 21 Mar 2021
In this question, we are asked to find which business from four has the highest average costs. Understanding the formula for average cost and doing quick, accurate calculations is key to getting the right answer with the minimum of fuss!
You might also like
Internal Economies of Scale
Study Notes
Capital-labour substitution at Ford
15th October 2015
Business Costs in the Short-Run
Teaching PowerPoints
How to Calculate Short Run Costs
Topic Videos
Analysis Diagram: AC, MC and AVC
Topic Videos
Average Cost Curves (MCQ Revision Question)
Practice Exam Questions