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1.4 Production, costs and revenue

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Question 22

The table below shows how a boutique brewery's total cost of producing craft beer kegs changes as its monthly output increases.

Output (kegs per month)Total cost per month (£)
080,000
1,000220,000
2,000320,000
3,000400,000

What is the average fixed cost of producing 2,000 kegs of craft beer per month?

£80

£40

£120

£160

1.4 Production, costs and revenue Questions

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