DP Economics

Test builder »

Question 22N.3.HL.TZ0.1a.i

Select a Test
Date November 2022 Marks available [Maximum mark: 2] Reference code 22N.3.HL.TZ0.1a.i
Level HL Paper 3 Time zone TZ0
Command term Determine Question number a.i Adapted from N/A
a.i.
[Maximum mark: 2]
22N.3.HL.TZ0.1a.i

“Best Meals” is one of many small catering companies, each of which prepares a variety of different meals for airlines in Country X. Table 1 shows the costs of production in US dollars (US$) on a per hour basis for “Best Meals”.

Table 1

(a.i)

Determine the missing cost figures and insert your answers in Table 1.

[2]

Markscheme

For 3 correct figures [1]
For 4 correct figures [2]

OFR applies (e.g. if TC(15) incorrect but AC(15) is then calculated via TC/Q. Also if TC(16) is incorrect but MC(16) is calculated via TC(16) - TC(15).

Examiners report

Candidates choosing this question generally demonstrated a good understanding of the relationships between average, marginal and total cost.

Syllabus sections