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 (£) |
|---|---|
| 0 | 80,000 |
| 1,000 | 220,000 |
| 2,000 | 320,000 |
| 3,000 | 400,000 |
What is the average fixed cost of producing 2,000 kegs of craft beer per month?
£80
£40
£120
£160
156 exam-style questions on AQA A Level Economics 1.4 Production, costs and revenue, covering 1.4.1 Production and productivity, 1.4.2 Specialisation, division of labour and exchange, 1.4.3 The law of diminishing returns and returns to scale (A-level only), 1.4.4 Costs of production, 1.4.5 Economies and diseconomies of scale, 1.4.6 Marginal, average and total revenue, 1.4.7 Profit, and 1.4.8 Technological change (A-level only). Each one has a worked solution and a mark scheme showing where the marks go.