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Business economics

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Question 38

Table 2a shows a manufacturer's monthly output and average costs in 2021 and 2022, in Canadian Dollars (CAD).

20212022
Monthly output (units)15 00025 000
Average cost per unit (CAD)6.004.50

What has happened to total monthly costs from 2021 to 2022? Show your workings.

[2]

Business economics Questions

  1. IGCSE
  2. /Economics
  3. /Business economics