Paper 3 question on revenue and costs (HL only)

IB Economics: Paper 3 question on revenue and costs (HL only)

This page contains a paper three type question on cost. The questions are based on the style of questions from the new syllabus and contain short answer and quantitative responses plus a policy response question. Allow 50 minutes for this exercise.1. A firm has the following costs and revenue, all costs are in thousands of $s.(a) Complete the following table by filling in the missing blanks [2 marks]


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