Gce Model Questions Vol1 2021 Economics Question 33
Practice objective / multiple choice question 33 from the 2021 Gce Model Questions Vol1 Economics examination.
A company sells a product for £15 per unit. Fixed costs are £3000. The variable cost per unit is £8 for the first 200 units and £6 for each unit produced beyond 200. At what output level does the firm break even (i.e., total revenue equals total cost)? Round up to the nearest whole unit.
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About This Question
This is Gce Model Questions Vol1 2021 Economics Question 33. It is one of the objective questions from the 2021 Gce Model Questions Vol1 Economics examination.
Difficulty level: Medium .
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