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AQA economics AS - Fixed and Variable costs
Determine if each cost is fixed or variable...
Quiz by
EvanRoberts
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Last updated: November 26, 2016
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First submitted
November 26, 2016
Times taken
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Average score
90.0%
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Answer
Depreciation of fixed capital due to age
Fixed
The costs of employing salaried staff
Fixed
Annual business rate charged by local authorities
Fixed
Costs of raw materials and components
Variable
The costs of meeting interest payments on loans
Fixed
Leasing or purchasing capital equipment
Fixed
Costs of electricity and gas
Variable
Cost of business insurance
Fixed
Wages of part-time/ hourly paid staff
Variable
Depreciation of capital due to wear and tear
Variable
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AQA Economics AS
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