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Economics · May / June 2019 · Paper 12 · Question 14

2281Firms’ costs, revenue and objectives

The diagram shows the fixed costs, variable costs and total costs of a firm. Which distance represents the firm's fixed costs?

  1. AWX
  2. BWY
  3. CXY
  4. DXZ

As printed in the paper

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Correct answer: A. WX

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