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Jun 20, 20211 min

What is meant by ‘total cost’?

Updated: Jul 14, 2021

May/June 2019 Version 11

Read to answer question

  1. What is break-even analysis?

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Try related past year questions here

  1. What is meant by ‘variable cost’? (2 marks)

  2. Calculate the total cost of producing 3 million cricket bats (2 marks)

  3. Calculate the average cost of one motorcycle. Show your working (2 marks)

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