CSEC Agricultural Science · May/June 2015 · Paper 2 · Question 7(b)
Distinguish between variable cost and fixed cost.
The mark scheme is shown once you've answered.
Practise this questionOther parts of this question
- 7(a)Explain the meaning of the term 'gross farm income'.[1 mark]
- 7(c)(i)Using the information provided in Table 3 on page 8, identify TWO variable costs.[2 marks]
- 7(c)(ii)Using the information provided in Table 3 on page 8, identify ONE fixed cost.[1 mark]
- 7(d)(i)Farmer Broderick wants to increase the number of birds reared by 50 units, increasing variable costs by…[3 marks]
- 7(d)(ii)Calculate, stating the formula: The change in net profit.[3 marks]
More practice: the rest of this paper · more Farm Organisation and Planning questions · all CSEC Agricultural Science past papers