The table below shows how a firm's total cost of producing leather boots changes as output increases.
| Output (leather boots per month) | Total cost per month (£) |
|---|---|
| 0 | 60 000 |
| 2 000 | 180 000 |
| 4 000 | 280 000 |
| 6 000 | 360 000 |
What is the average fixed cost of producing 2 000 leather boots per month?
£30
£60
£90
£120
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.