CSEC Economics · May/June 2013 · Paper 2 · Question 7(b)
List THREE examples of services.
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Practise this questionOther parts of this question
- 7(a)Identify which short-run cost curve each letter (A, B, C, and D) corresponds to in Figure 1 from the provided options: AFC, MC, AVC, and ATC.[4 marks]
- 7(c)Describe TWO advantages associated with operating as a sole trader.[8 marks]
- 7(d)Explain TWO examples of fixed costs encountered by a small supermarket owner.[5 marks]
More practice: the rest of this paper · more Factors and Sectors of Production questions · all CSEC Economics past papers