OCR GCSE Business · J204
Paper 2
Revise: Calculation of Costs and RevenueIf output rose to 4,000 cakes with the same £2,000 fixed-cost total, average fixed cost would fall to £0.50 per cake.
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GCSE Business · key term
Fixed costs spread across each unit of output, calculated by dividing total fixed costs by quantity produced.
Used by OCR
Paper 2
Revise: Calculation of Costs and RevenueIf output rose to 4,000 cakes with the same £2,000 fixed-cost total, average fixed cost would fall to £0.50 per cake.
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