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1.4 Production, costs and revenue

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Question 14

One week, a local craft workshop has to pay £120 interest for its business bank loan, £150 for packaging materials, and £350 on studio rent. If the workshop has no other costs, what are its fixed costs for that week?

£350

£470

£500

£620

1.4 Production, costs and revenue Questions

  1. A Level
  2. /Economics
  3. /1.4 Production, costs and revenue