Cambridge IGCSE Economics
3.6.1-3.6.2Costs of production
Costs of production in Cambridge IGCSE Economics: what the syllabus expects you to know, the learning objectives and how to practise.
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Learning objectives
What the syllabus expects you to be able to do.
- 3.6.1Define total, average total, fixed, average fixed, variable and average variable cost.
- 3.6.2Calculate these costs and draw and interpret diagrams of how output affects costs.
Lessons
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Costs of production: fixed, variable, total and average costs
35 min
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Sample question
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