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Card 1 of 26

Average cost = [     ] ÷ [     ].

A

Average cost = total revenue ÷ output.

B

Average cost = fixed cost ÷ output.

C

Average cost = total cost ÷ price.

D

Average cost = total cost ÷ output.

Card 1 of 26

Economies of scale Flashcards

  1. A Level
  2. /Business
  3. /Economies of scale

26 flashcards on Eduqas A Level Business Economies of scale: the key terms, formulae and case studies you need to recall for Component 1, Component 2 and Component 3.

Flashcards