DP Economics
Question 18N.3.HL.TZ0.a.ii
| Date | November 2018 | Marks available | [Maximum mark: 2] | Reference code | 18N.3.HL.TZ0.a.ii |
| Level | HL | Paper | 3 | Time zone | TZ0 |
| Command term | Calculate | Question number | a.ii | Adapted from | N/A |
a.ii.
[Maximum mark: 2]
18N.3.HL.TZ0.a.ii
Firm A produces cartons of coffee. Figure 1 illustrates the firm’s total cost (TC) and variable cost (VC) at different output levels per month.
Figure 1
Calculate Firm A’s average variable costs when it is producing 125 cartons of coffee per month.
[2]
Markscheme
Identification of VC at $1 500 or any valid working is sufficient for [1].
= $12
An answer of $12 or 12 (without working) is sufficient for [1].
