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Economics · May / June 2022 · Paper 11 · Question 7

2281Firms’ costs, revenue and objectives

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

  1. APQ
  2. BPS
  3. CQR
  4. DQS

As printed in the paper

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Correct answer: D. QS

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