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2.6.3 Calculate cost, revenue, profit and loss

Card 1 of 23

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

Card 1 of 23

2.6.3 Calculate cost, revenue, profit and loss Flashcards

  1. GCSE
  2. /Economics
  3. /2.6.3 Calculate cost, revenue, profit and loss

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.

Flashcards