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Fixed costs are £400 and variable costs are £600. Calculate total cost.
A
Fixed cost
B
The same fixed cost is spread over more units.
C
£2 per unit
D
£1,000
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2.6.3 Calculate cost, revenue, profit and loss Flashcards
23 flashcards on OCR GCSE Economics 2.6.3 Calculate cost, revenue, profit and loss: the key terms, formulae and calculations you need to recall for Component 01 and Component 02.