DP Economics
Question 21M.3.HL.TZ0.g.i
| Date | May 2021 | Marks available | [Maximum mark: 1] | Reference code | 21M.3.HL.TZ0.g.i |
| Level | HL | Paper | 3 | Time zone | TZ0 |
| Command term | Calculate | Question number | g.i | Adapted from | N/A |
g.i.
[Maximum mark: 1]
21M.3.HL.TZ0.g.i
Figure 3 shows the marginal cost (MC) curve, the average variable cost (AVC) curve and the average total cost (ATC) curve for a firm in the widget industry.
Figure 3
Calculate the firm’s total variable costs if output is 20 000 widgets per month.
[1]
Markscheme
20 000 × 18 = $360 000
An answer of $360 000 or 360 000 or 360 (without working) is sufficient for [1].
Examiners report
Well-answered.
